PETALING JAYA: According to new insights released today by real estate technology group Juwai IQI, the Penang housing market will recover in 2022.
Residential real estate in Penang is expected to bounce back faster than any other state in Malaysia, with the exception of Johor in 2022. Says Juwai IQI co-founder and group CEO Kashif Ansari.
“Developers have held firm on prices, even though activity has dropped. Rather than drastically dropping their selling prices, developers are providing all sorts of promotional packages to stimulate buyers,” observed Juwai IQI’s co-founder and group CEO Kashif Ansari.