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Good news for housebuyers

May 24th, 2014 Leave a comment

Jagdeep: I'm happy land has been bought for the PR1MA project.

THE Federal Government has bought 80.94ha of land in Teluk Bahang for the 1Malaysia People’s Housing Scheme (PR1MA), said Datuk Shah Headan Ayoob Hussain Shah (BN -Teluk Bahang).

He said he had checked with PR1MA Corporation Malaysia which confirmed that the land had been bought for the Federal Government’s initiative for affordable housing.

He said this is response to a question raised by Jagdeep Singh Deo (DAP – Dato Keramat) during the latter’s winding-up speech at the state assembly yesterday.

Jagdeep had asked how many of the 133,000 PR1MA units to be built nationwide would be built in Penang.

In response to Shah Headan’s reply, Jagdeep said he was happy to receive the news that a piece of land had been bought for the housing scheme.

“Hopefully by next month, I can get a positive reply that PR1MA will be carried out in Penang, where the project will be carried out and the timeline for the project.

“We will try to assist to expedite the project because this type of housing is important,” said Jagdeep who is the state Housing, Town and Planning Committee chairman.

In his winding-up speech earlier, Jagdeep had also said that applicants of low-cost, low medium-cost and affordable houses were facing difficulty in obtaining bank loans.

He said the rejection rate was 50%, adding those who were successful in obtaining the loans were slapped with high interest rates.

Jagdeep also said applicants for public housing units in Penang must be at least 21 years old and a voter in the state.

He said this was a new condition set by the Selection Process Enhancement Committee.

Source: StarProperty.my

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  1. buyer
    May 25th, 2014 at 21:57 | #1

    Finally, yay!

  2. Leeden
    May 26th, 2014 at 09:51 | #2

    It is far like hell…yay…

  3. kt
    May 26th, 2014 at 09:55 | #3

    sure will bring down the average selling price in Batu Ferringgi and tanjung bunga if they continue to build affordable home there….

  4. f1
    May 26th, 2014 at 10:13 | #4

    @kt

    Let’s hope so. And also, I hope the gov is not stpid enough to let foreigners buy these properties, otherwise it will defeat the purpose. Foreigners are the biggest factor that is causing high price in this area.

  5. IsaacTan
    IsaacTan
    May 26th, 2014 at 10:21 | #5

    @Leeden

    If near town area, how to get it cheap?

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