Developers foresee dark times due to glut, worse than 1999 crisis

GEORGE TOWN (Jan 30): The issue of oversupply of homes in the country is worsening, and authorities need to take action, especially in the affordable housing category, say developers, The Malay Mail reports that Penang Real Estate and Housing Developers Association (Rehda) chairman Datuk Toh Chin Leong said this was also why the National Home Ownership Campaign was being conducted.

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Udini Square mall is 59% leased

GELUGOR, PENANG (Aug 18): IJM Land Bhd’s 3-storey Udini Square mixed-use commercial development at Metro East here has seen 84% of its office space leased and 59% of its mall space taken up since leasing opened last year, said northern region senior general manager Datuk Toh Chin Leong.

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