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Property Overview 2016 (Part 2) | WMA Property
» General outlook of the local property scene up north and down south WHILE last week we shared the general Malaysian property market outlook as reported by CH Williams Talhar & Wong's (WTW), this week, we take a closer look at what can be expected in the northern purlieus in Penang and down south in Johor. 'Ping-lang-yu' Documented as the earliest reference to Penang which means Island of Betel nut, Areca or Pinang; did you also know that Penang (or Pulau Pinang) was previously part of the Sultanate of Kedah? Often called George Town (its capital), Penang was the first of the Malay states and the first state in Southeast Asia, to be ruled and possessed by the British. Due to its long colonial history, there are many English-inspired buildings, some of which are maintained as colonial heritage property. Generally, property in Penang is on the high side. Consisting of the island and part of the peninsula, Penang island itself comprises 293 sq km while the mainland bit amounts to