Overshadowed by developments in Selangor and Iskandar, Malaysia’s second- smallest state of Penang has quietly put together an impressive string of projects in recent years. Tucked in between the much larger Kedah and Perak states along Peninsular Malaysia’s west coast, Penang’s strong population growth coupled with a thriving real estate...
The real estate market has garnered attention from both foreign and domestic investors seeking a strong return on investment amid consistently low interest rates. However, the government is seeking to rein in residential property growth to limit broader economic damage in the event of a market downturn as well as to keep home prices affordable...
Will recent announcements in the 2014 budget have the desired effect of curbing speculation and increasing housing affordability for locals?
Spurred on by massive capital expenditure projects by both the government and the private sector in response to Malaysia’s strategic economic development plans, growth in the country’s construction sector has been outpacing GDP expansion in recent years. The government’s Economic Transformation Programme (ETP) and public-private partnership (...
How would you assess current government efforts to curb property speculation and control prices for the local population?
The construction sector has experienced consistently strong growth in the past four years as the industry expanded by 11.4%, 4.7%, 18.1% and 10.1% each year from 2010 to 2013. Sector growth has surpassed GDP growth in recent years, spearheaded by the government’s Economic Transformation Programme (ETP) and public-private partnership (PPP) projects. Counterbalancing the interest shown in the...
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