The Penang state government has appointed building consultants and township developer Surbana, whose majority shareholder is Temasik, for a PDC affordable housing project in Batu Kawan.
Sarawak Chief Minister Abdul Taib Mahmud’s latest claim is that Sarawak will be the richest ‘state’ in Malaysia by 2030. He obviously chooses not to know that Sarawak was already the richest in 2009.
The median house price to median household income ratio (a common indicator of housing affordability) for Penang Island has risen to 8.1, high by any standards, from 6.8 five years ago.