‘Home buyers seeking high-end units in Penang’

Sundarajoo (centre) receiving a token of appreciation from Yu (second left). With them are (from left) Teng Tong, Siang Gin and Tze Ming during the dinner at Bayan Lepas. — Photos: LIM BENG TATT/The Star

PENANG’S property market, especially the high-end residential segment, has seen impressive growth over the past few years, says Datuk Seri Sundarajoo Somu.

Citing an example, the state housing committee chairman said in the third quarter of 2024, prices for high-rise units in prime areas such as Jelutong, Gelugor, Pulau Tikus, Bayan Baru and Tanjung Bungah rose 6% to 12% year-on-year.