Penang property sales lower in second quarter

“Most of the transactions happened in January and February, ” Raine & Horne Malaysia director Michael Geh (pic) said.

GEORGE TOWN: The number and value of residential property transactions in Penang are projected to decline between 50% and 60% in the second quarter of 2020 from the preceding first quarter.

“We project a 50%-60% drop from the first quarter because the property market went into a silent mode after the movement control order was implemented in March.