Penang’s property landscape is undergoing rapid transformation with the people’s changing lifestyles and evolving market dynamics. The recent declaration of George Town as a UNESCO World Heritage Site has given a new drive and inspiration to the state government and property developers to further uplift Penang’s image as a real estate destination. StarBiz deputy news editor ANGIE NG recently met up with key property players at The Star Property and Home Fair 2008 roundtable discussion in Penang to gauge the state’s market prospects and challenges ahead.
The panellists were Penang Town and Country Planning and Housing Committee chairman Wong Hon Wai, IJM Corp Bhd deputy managing director Teh Kean Ming, SP Setia Bhd executive director and chief operating officer Datuk Voon Tin Yow, Real Estate and Housing Developers’ Association Penang chairman Datuk Jerry Chan, Mah Sing Group Bhd executive director Lim Kiu Hock, Ivory Properties Group executive director Datuk Seri Nazir Ariff, Henry Butcher Malaysia (Penang) Sdn Bhd director Dr Teoh Poh Huat, Hunza Properties Bhd executive chairman Datuk Khor Teng Tong and Ho Chin Soon Research Sdn Bhd managing director Ho Chin Soon.