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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

   

Next In Business News

Wall St set for lower open as some big bank earnings disappoint
Citi profit drops as costs rise for employee severance, deposit insurance
Asia spot LNG at 3-month peak on steady demand, supply disruption
Global spotlight on Malaysia as it emerges as semiconductor powerhouse
Ringgit ends easier versus US dollar on higher-than-expected US inflation data
Nextgreen IOI Pulp inks MoU with Xiamen C&D for pulp production facility
Mosti to launch Single Window Initiative to strengthen Malaysia's startup ecosystem
China strengthens company delisting rules to improve markets
Gamuda Land collaborates with Kiddypedia for Discovery Centres at Gamuda Gardens, twentyfive7
FBM KLCI ends lower in line with regional peers

Others Also Read