Dip in Penang residential property transactions

However, Real Estate & Housing Developers Association (Penang) chairman Datuk Jerry Chan (filepic) said the Napic figures were not reflective of the current decline in primary and secondary market sales.

GEORGE TOWN: The number of residential property transactions in Penang dipped slightly to 9,023 in the first half of this year from 9,217 in the second half of last year, according to statistics from the National Property Information Centre (Napic).

The report shows the value of transactions declined slightly to RM3.76bil from RM3.84bil during the period.