Penang extends 5% discount on overhang properties to all buyers

Penang extends 5% discount on overhang properties to all buyers

GEORGE TOWN: The 5% housing discount for first-time house buyers, which was earlier given to Indian Muslims, has been extended to all, says Chow Kon Yeow. Read full story

Penang expands 5% discount on unsold homes to all buyers

The Penang state government has expanded its 5% housing discount initiative to all buyers of unsold completed properties, commonly known as overhang units. Previously limited to selected groups, the discount is now available to all purchasers, not just first-time homeowners. Chief Minister Chow Kon Yeow said the decision was unanimously approved during the state executive council (MMK) meeting on June 18. The initiative remains under the existin…

Penang extends 5% discount to all buyers of unsold completed properties

THE Penang government has unanimously agreed to widen the scope of its 5% discount initiative for unsold completed properties, commonly referred to as overhang units, to include all buyers.   Chief Minister Chow Kon Yeow said the decision was made during the state executive council (MMK) meeting today and marks a key step in...