More RM150,000 homes to be built in Penang

August 7th, 2017 Leave a comment

penang-home-priceMore lower-priced affordable homes await first-time buyers on Penang Island as more developers are willing to build RM150,000 apartments on the island, ever since the state government’s lowering of maximum prices in one category last year.

State executive councillor in charge of housing Jagdeep Singh Deo said the state government has so far approved three projects in the RM150,000 category for 750 sq ft (minus finishing) homes.

“I am happy to announce that since the introduction of the RM150,000 for 750 sq ft homes, it has received good feedback from private developers.

“We have approved three such projects in the RM150,000 category. We received many more proposals for such projects which are now under review. By lowering the maximum prices, we are trying to make housing more accessible.

“We also previously reduced the maximum pricing of affordable homes on the island from RM400,000 to RM300,000. The response has been very encouraging,” he said in a press conference in Komtar here today.

The 750 sq ft (minus finishing) units were previously priced at RM200,000.

Currently, affordable homes on the island are capped at the following prices, based on the relevant size: RM150,000 (750 sq ft), RM 250,000 (800 sq ft), and RM300,000 (900 sq ft).

On mainland Seberang Perai, the prices are capped at RM150,000 (750 sq ft), RM 200,000 (800 sq ft) and RM250,000 (900 sq ft).

Find out full list of affordable housing in Penang

Jagdeep said the Penang government was also retaining the old RM42,000 and RM72,500 housing price guideline, despite being told to revise the pricing to RM60,000 and RM100,000 by the federal government.

He said those interested in purchasing homes can visit the “Mission Home-Possible” affordable homes fair at the Queensbay Mall from Aug 10 to 13. It will be held at the mall’s south atrium from 10am to 10pm.

“Those with questions on how to apply for homes can visit the expo, where officers from the Penang Housing Department will be there to assist new buyers and field questions,” Jagdeep said.

Currently, the Penang government is building 27,230 affordable homes while another 36,786 units are being built by private developers.

Source: FMT News

 

Categories: Property News Tags:
  1. Lim Hsin Yi
    August 7th, 2017 at 20:51 | #1

    I am looking for RM 250,000 (800 sq ft), and RM300,000 (900 sq ft) affordable homes, so can i get more information?

  2. Wing
    August 7th, 2017 at 21:18 | #2

    Hi, i am interest on type C & D affordable homes. Any project recommend?

  3. Sharrimiila
    August 7th, 2017 at 21:37 | #3

    Hi, i am interest on type A & B affordable homes. Any project recommend?

  4. Durkha Selvam
    August 7th, 2017 at 21:46 | #4

    Hi,
    Any house rate between 150000-250000.
    Kindly update me please!

  5. Sidney
    August 8th, 2017 at 11:50 | #5

    How to apply?

  6. Nee
    August 8th, 2017 at 19:02 | #6

    How to apply?

  7. Alex
    August 8th, 2017 at 21:42 | #7

    so many poor people here in penang live like begger.

  8. ryu
    August 8th, 2017 at 22:26 | #8

    @Alex, nowadays people want to drive better car and travel around the world and they forget to “learn” how to apply for such category house.

  9. Ssgoh
    August 9th, 2017 at 06:23 | #9

    I am interested, please update me on the affordable home project, thanks

  10. Fatin Marzookhy
    August 9th, 2017 at 07:18 | #10

    how to apply?

  11. yeoh lai hock
    August 9th, 2017 at 18:15 | #11

    how to apply this

  12. Tan
    August 10th, 2017 at 06:27 | #12

    Im apply for affordable home 300k at komtar 3rd floor on july 2017.. But is rejected. Wasting my time for preaparing all documents for 2month. In & out office.

  13. Macha
    August 10th, 2017 at 09:17 | #13

    Tan :
    Im apply for affordable home 300k at komtar 3rd floor on july 2017.. But is rejected. Wasting my time for preaparing all documents for 2month. In & out office.

    why are you rejected? Income too high?

  14. Tan
    August 10th, 2017 at 21:28 | #14

    @macha… My husband & wife income only 8k++.

  15. John
    August 18th, 2017 at 19:54 | #15

    Hi, the article says 3 projects of 150k for 750sqft was approved, anybody has news on which projects are those?

  16. Carin Looi
    October 17th, 2017 at 12:10 | #16

    Hi,
    Any house rate between 100000-200000.
    Please let me know .

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