13/11/2023
Penang’s tourism and retail sectors have been boosted by the reopening of borders and the transition to the endemic phase, giving rise to a recovery in all subsectors, with the industrial, tourism-related and service industries taking the lead.
“The performance of the property market in Penang shows a recovery driven by growth in market activity”
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By June this year, Penang’s overall property market had well and truly recovered from the impact of Covid-19, particularly since the transition to the endemic phase that started in April last year. In the first quarter of this year, both transaction volumes and values in the state saw a...