Penang a buyers’ market

Saw: The government’s stimulus packages, low interest rate environment and Home Ownership Campaign will offer opportunities for first-time homebuyers.

THE Penang property sector is expected to see a modest recovery in 2021, with experts anticipating it to be a buyers’ market on the back of the ongoing vaccine rollout and various government incentives.

Knight Frank Penang executive director Mark Saw says recovery of the residential sub-sector will depend on the effectiveness of the Covid-19 vaccine, as well as economic performance.