Five new Penang projects; RM131.3mil Pearl Indah and RM180mil Pearl Residence 1 in Simpang Ampat, RM39.3mil BM Residence in Bukit Mertajam, RM41mil Carissa Villas in Bagan Lallang and RM180mil Straits Garden in Jelutong island, are being developed by Tambun Indah Land Bhd.
According to a report by The Star (Malaysia), Penang’s property market is expected to grow in the coming years, and has been identified as a top 10 most dynamic industrial clusters in the world.
According to a statement by Group Managing Director Teh Kiak Seng, the Malaysia My Second Home initiative has resulted in a spill-over benefit for Penang’s property market. He also said that due to the increase in property prices, many people were exploring properties in Seberang Perai, for a quality lifestyle at affordable prices.
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