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PETALING JAYA: S P Setia Bhd is launching a campaign for home-buyers who would like to to upgrade or own their first homes.
DESPITE a softening property market on Penang island and Seberang Prai, Kuala Lumpur and Penang-based developers will be undertaking projects to the tune of RM4.56bil this year, a check with various developers show.
The trend for developers in Penang is to build smaller-sized stratified homes which are considered affordable in view of a cooling property market.
Demand in the secondary property market is expected to remain slow as house buyers prefer project launches that come with a developer’s interest-bearing scheme. There is the general sentiment that the property market is due for a price correction.
GEORGE TOWN: The construction and renovation industry in Penang can expect about RM6bil worth of jobs over the next eight years, courtesy of the RM9.73bil worth of properties planned for launch this year.