Penang affordable housing glut?

Housing dilemma: Affordable homes on Penang island. A total of 34,608 units, targeted exclusively at the first-time home ownership market with prices ranging between RM200,000 and RM400,000, will enter the property market in Penang over the next three to four years.(

GEORGE TOWN: Penang property developers see a glut swelling in the affordable segment, which has about RM7bil worth of mid-range properties planned to date.

These 34,608 units, targeted exclusively at the first-time home ownership market with prices ranging between RM200,000 and RM400,000, will enter the property market over the next three to four years.