Penang aims to cushion property prices


GEORGE TOWN: The state government wants to work with property developers to cushion the impact of skyrocketing property prices and the slowdown in the property market.

Penang Deputy Chief Minister I Datuk Mohd Rashid Hasnon said as one of the most economically important states, Penang was experiencing growth that had impacted the demand for medium-cost and luxury housing.

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