Penang plans to regulate short-term rentals, homestays
06 May 2022by Admin
Tourist attractions can draw visitors from around the world to see their cultural, natural, and historical sites, boosting local property markets. Redang, a beautiful tropical island off Peninsular Malaysia's east coast, is known for its crystal-clear waters, lush rainforests, and abundant marine life. Scuba divers and snorkelers visit Redang Island for its beach, coral reefs, and marine life.
The Housing Price Mapping initiative will be introduced as a guide for developers in providing affordable housing in the country, said Deputy Housing and Local Government (KPKT) Minister Datuk Seri Dr Ismail Abd Muttalib.
Is the country's residential overhang the result of inadequate project planning and research by property developers?
"Some properties are just not cleverly developed," said Chan Ai Cheng, president of the Malaysian Institute of Estate Agents (MIEA).