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.
Graph: Stuart MacDonald, Penang Institute
Jan 252012
Jan 202012
Taman Tun Dr Awang on mainland Penang faces Straits Quay across the channel on Penang Island – and they are just as far apart in terms of quality of life.
Taman Tun Dr Awang: Cleaner, greener Penang should start here - Photograph: Anil
In another world: Aerial view of Straits Quay - Photograph: straitsquay.com
Jan 122012
The Catholic church in Butterworth has reached an out-of-court settlement with Bernadette, the sacristan whose services were terminated last year. Continue reading »
Oct 252011
There are growing fears that China’s property bubble, driven by speculation, could be bursting and the country could be on the verge of a property-led slump. Continue reading »
Sep 032011
Government-linked Sime Darby has bought a 30 per cent interest in Penang-based property developer E&O at a 60 per cent premium. Continue reading »