Penang has recorded the highest reduction of property prices in the country - thanks to cooling measures imposed by the state government since 2013, said state exco Jagdeep Singh Deo today.
Jagdeep, who is state executive councillor in charge of housing, town and country planning, said property prices in the state have "stabilised" and is currently affordable.
He cited statistics from the National Property Information Centre (Napic), which he said, showed that property prices have reduced by 3.2 percent in the state, compared to 0.7 percent in other states...