Housing in Penang
By Stuart Macdonald
January 2012 FEATURE
Penang’s housing affordability issues could soon be a thing of the past should a new housing board come into existence. One thing is certain: It will take the efficient implementation of systematic, holistic policies to allow middle income groups greater access to affordable housing.Average house prices in Penang have increased 50% in the last five years, with even bigger rises seen on the island, particularly in the island’s north-east region where the average condominium is now RM450,000, 82% higher than...
Stuart Macdonald
is a fellow and head of Urban Studies at Penang Institute.
