Malaysia’s Prime Minister recently revealed government plans to develop the country’s northern region. Dubbed the Northern Corridor Economic Region (NCER), the plan will introduce a slew of projects to spur growth and boost income levels in the states of Perlis, Kedah and northern Perak. Penang property market is also set to benefit with spillover from the NCER structural growth, according to a recent report released by Deutsche Bank. Property players like E&O Property Development, Mah Sing Group and SP Setia, with a strong line-up of projects in Penang, are expected to enjoy higher earnings.
Penang is also included in the masterplan and is expected to play a major role as a logistics and transportation hub and a gateway to the region. Continue reading “Buying property in Penang” »