How are House Prices in Penang Performing during the Pandemic?
By Ong Wooi Leng
October 2021 FEATURE
MALAYSIA’S PROPERTY MARKET is expected to continue to be sluggish throughout 2021. As Covid-19 cases continue to hit record-breaking highs, many potential homebuyers across primary and secondary housing markets are, however, on the lookout for the best deals.But is this the best time for a property purchase, when prices are vulnerable to pandemic-related uncertainties?Positive Growth in Housing SupplyPenang has seen an increase in the supply of residential properties. Notwithstanding MCO 2.0, the state’s existing residential stock climbed by 2.5% to...
Ong Wooi Leng
heads the Socioeconomics and Statistics Programme at Penang Institute. Her work lies in labour market analysis and socio-economic development.
