Developers still bullish over Seberang Prai despite a softening market

1 Guests taking a look at the Vertu Resort project in Batu Kawan after the official opening of Aspen Group headquarters in Penang. 2 Aspen Group CEO Datuk M.Murly and the scale model of Vertu Resort to be launched soon. 3 Customers viewing the Sky Residence project in Bukit Mertajam. — ZHAFARAN NASIB/The Star

THE value of residential properties in Seberang Prai is expected to stay flat in 2016, following a year which has seen the total value drop by 18.51% in 2015.

Despite the weakened market, Seberang Prai will see innovative launches from major developers in 2016, due primarily to lower land prices in the mainland that allow developers to build quality homes at attractive pricing.