News About Seberang Jaya
KUALA LUMPUR (Jan 31): Eco World Development Group Bhd has despatched a circular to its shareholders, seeking their approval for its proposed acquisition of two parcels of land in Batu Kawan, Penang for RM875.24 million.
PENANG has one of the fastest growing property markets in the northern region of Peninsular Malaysia due to myriad factors. It is one of the most developed states in the country with strong infrastructure, it’s a booming tourist destination and it offers a high standard of living.
Moreover, there could be an increasing number of unoccupied units in the state as the additional supply would put pressure on occupancy rate.
LAND scarcity and sky-rocketing property prices on Penang island have driven developers and investors towards the mainland in recent years. Although the mainland property scene continues to play second fiddle to the island’s, growth in the Seberang Perai area is now accelerating and poised to soar higher.