Visitors checking out Ideal Property Group’s Queens Waterfront project during the property fair. The first phase of the project is over 70 sold. — Photos: GARY CHEN and CHAN BOON KAI/The Star
THE transactions of residential properties in Penang are expected to increase to 12,517 in 2018 from 12,090 in 2017, due to the increase in the purchasing power of the people following the zerorisation of the GST, according to Raine & Horne Malaysia.
Raine & Horne Malaysia senior partner Michael Geh said the value of the transactions for 2018 was expected to contract slightly to about RM5.2bil from RM5.4bil in 2017, as property prices had softened by about 5% to 10% over the past two years.
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!
