Some of the new property development condo projects in Penang were sold out upon their launch – so why are there so many homes now for sale or for rent?
Have a look at this list and note the number of condos for sale and/or for rent.
Of course, some of these ads could be from different agents/brokers for the same unit, or the same unit could be put up for sale or for rent… but still… the numbers look on the high side.
So is the demand for property really genuine or more for short-term ‘investment’ or speculation?
You tell me.
Thanks to blog reader SamG for the alert.