The housing market in Penang today

By Lim Chee Han

January 2015 PENANG ECONOMIC OUTLOOK
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With an abundance of newly built high-rise condominiums, is Penang facing a property glut?Malaysia’s population crossed the 30 million mark in February 2014. According to the Population and Housing Census 2010, about three in 10 people fall in the 20-40 years old age group – the one most likely to be first-time home buyers. By 2020, that group is projected to grow to 11.3 million. In Penang, the current estimate for this age group is at 0.6 million, or 36%...

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Lim Chee Han

received his PhD in Infection Biology from Hannover Medical School, Germany. He is currently a senior analyst in the economics section at Penang Institute.

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