Penang affordable housing glut?

Penang affordable housing glut?
Housing dilemma: Affordable homes on Penang island. A total of 34,608 units, targeted exclusively at the first-time home ownership market with prices ranging between RM200,000 and RM400,000, will enter the property market in Penang over the next three to four years.(“There will be an oversupply of affordable properties, resulting in such projects being abandoned or not taking off at all,” Rehda Penang chairman Datuk Jerry Chan(inset) told StarBiz.).
PHOTO: The Star/ANN

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