Positive potential for investors
An analysis by real estate technology group Juwai IQI also indicated growth in Penang’s property market in 2022.
“With the support of government initiatives and positive economic trends, the property market will recover along with the economy. Luxury condo prices in Penang are lower than in competitor cities Bangkok and Jakarta. Prices in nearby Singapore are even higher. Comparable residences there can be five-fold more expensive,” said Juwai IQI’s co-founder and CEO, Kashif Ansari.
Read the full story: Malaysia Business by Amanie Media
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