Greater demand seen for Penang projects

Ivory Properties Group chief executive officer Datuk Low Eng Hock

GEORGE TOWN: Ivory Properties Group Bhd expects to see an increase in demand for residential properties in Penang, underpinned by the opening of borders, the government’s stimulus plan and softening of property prices.

Group chief executive officer Datuk Low Eng Hock said prices have softened due to Covid-19 and this would likely stimulate property-buying sprees from investors and occupiers, especially following the government’s announcement in Budget 2022.