Addressing The Housing Issue

By Rosalind Chua

August 2011 FEATURE
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The issue of affordable housing in Penang is nothing new, given the limited availability of land for development on the island. But various factors are pushing the issue to the fore – a growing, young professional class, stagnant wages, property speculation and a huge surge in the luxury property market. Getting a foothold on the property ladder has become increasingly difficult.DEMAND FOR HIGH-END property in Penang has been robust and finding new houses or apartments on the island in the...

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Rosalind Chua

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