GEORGE TOWN: The demand for property near hill slopes and flood-prone areas in Penang is likely to experience a decline, following the recent flooding which destroyed millions of ringgit of property and assets.
Raine & Horne Malaysia senior partner Michael Geh told StarBiz that house buyers would surely exercise caution when buying either landed or high-rise properties near hill slopes or in flood-prone areas.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!