Sundarajoo (centre) receiving a token of appreciation from Yu (second left). With them are (from left) Teng Tong, Siang Gin and Tze Ming during the dinner at Bayan Lepas. — Photos: LIM BENG TATT/The Star
Friday, 02 May 2025
PENANG’S property market, especially the high-end residential segment, has seen impressive growth over the past few years, says Datuk Seri Sundarajoo Somu.
Citing an example, the state housing committee chairman said in the third quarter of 2024, prices for high-rise units in prime areas such as Jelutong, Gelugor, Pulau Tikus, Bayan Baru and Tanjung Bungah rose 6% to 12% year-on-year.
“The upward trend is driven by a combination of strong local demand, international investor interest, favourable currency exchange rates and anticipation of major infrastructure projects like Penang Light Rail Transit (LRT) and Penang Silicon Island development.
“These developments are transforming Penang into a global hub for investment, talent and innovation.
Guests lining up at the food stations at the Penang Insights and Networking Dinner in Bayan Lepas.
“Our strategic vision is anchored in the Penang2030 agenda, which aims to create a family-focused, green and smart state that inspires a balanced quality of life.
“Housing, as a fundamental pillar of this vision, is receiving robust attention through progressive policies and partnerships,” he said during the Penang Insights and Networking dinner.
“Our strategic vision is anchored in the Penang2030 agenda, which aims to create a family-focused, green and smart state that inspires a balanced quality of life.
“Housing, as a fundamental pillar of this vision, is receiving robust attention through progressive policies and partnerships,” he said during the Penang Insights and Networking dinner.
Source: https://www.thestar.com.my/
