Land prices continue to be on the rise in Penang


DNP Land Sdn Bhd senior general manager Tan (centre) discussing with its staff on the company’s new commercial project in Alma, Bukit Mertajam.

Kuala Lumpur and Penang-based developers will launch approximately more than RM1.418bil worth of residential properties in Seberang Prai in 2015, a year in which the property market is expected to perform badly.

The developers launching the projects are Wing Tai Malaysia Bhd (RM300mil GDV), Tambun Indah Land Bhd (RM469.6mil), IJM Land Bhd (RM379mil), and Sunway Bhd (RM70mil).

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