Where is the affordable house plan of The light city?
Nothing to proud of even local people has no beneficial here.

Ryu :
Where is the affordable house plan of The light city?
Nothing to proud of even local people has no beneficial here.

No people buy Merione or the Light City at affordable price or get for free
You need to work hard to buy one, no people get free period.

@Minion
No related to work hard or not.
Even through is affordable house we still use money to purchase. It’s not free.
The light such a big land why no affordable reserved?
Queensbay Queens waterfront Q1/2/3/4 so many phase or land. But why not reserved a phase for affordable house? Q1/2/3 highend is OK. But at least reserved Q4 for affordable unit.
Very greed.

Ryu :
Where is the affordable house plan of The light city?
Nothing to proud of even local people has no beneficial here.

Waiting for spoon feeding mentality. Want super prime location but at affordable price and complaint when cannot get one or don’t have one. Some people may get good deal from afforable home and some may not, explore other available option or other upcoming. Life move on.

https://www.penangpropertytalk.com/affordable-housing/project-information-location/

@Ryu
Developers are all born greedy, not surprising. But when state government not regulating them to build affordable units, that’s the problem.

Ryu :
@Minion
No related to work hard or not.
Even through is affordable house we still use money to purchase. It’s not free.
The light such a big land why no affordable reserved?
Queensbay Queens waterfront Q1/2/3/4 so many phase or land. But why not reserved a phase for affordable house? Q1/2/3 highend is OK. But at least reserved Q4 for affordable unit.
Very greed.

Developer buy the land at premium, how to sell at affordable price?

Go kedai char koey teow uncle sell RM8.00 per plate, then we ask uncle discount laa why so expensive not affordable price.

Then char koey teoy uncle go back home tell the wife and daughter pocket money half and school study half because some people want affordable so now he cant afford his own family.

@Minion
Developer is not purchasing it at premium price. This is an exchanging deal with developer & state gov. Those land are reclaimed land status. It suppose to have mix development. 90% highend & 10 % affordable house.
Andaman island also got reserved land for affordable house later. Straits quay also available affordable & low cost project to cater market needed.
But why The light & Queensbay waterfront none? It’s huge reclaimed land not small.

Ryu :
@Minion
Developer is not purchasing it at premium price. This is an exchanging deal with developer & state gov. Those land are reclaimed land status. It suppose to have mix development. 90% highend & 10 % affordable house.
Andaman island also got reserved land for affordable house later. Straits quay also available affordable & low cost project to cater market needed.
But why The light & Queensbay waterfront none? It’s huge reclaimed land not small.

Your story only half true and not the full picture. Yes, the developer get the land thru swap but not for free during Gelakan era 1997, Dev need fork out money and take loan RM700m to build the expressway infrastructure first that we all utilizes and benefit now without toll and Dev also need to spend money for land reclamation in order to have the so called premium land, Dev are doing business and their priority is profit. Land swap deal/agreement happen around 1997 and no affordable quota and regulation in place at the time. Please google more and understand the timeline context, you can’t apply latest policy to previous project and complaint why no affordable units.

Affordable units I consider welfare and part of the Dev CSR to contribute back to people and Gov to ensure people still have opportunity to buy affordable home.

*Disclaimer: I don’t own any light project; I don’t support the dev or any politic either. We need to understand the full chronology to know why such things happen.

https://en.wikipedia.org/wiki/Bandar_Sri_Pinang

@Gemini
Your story answer also half cook & half unknown. Google alone won’t tell everything. Don’t just use one sample to turn over cover the whole scenario.
What about Queens waterfront? This is not old project implemented with old rules. I know developer build alot of affordable home but why not in Queensbay?
Asia green also slot in affordable unit for Quaywest residence. Andaman even though with luxury prestige address but still reserved some land for low medium cost apartment later under gov.
Straits quay also a so well known as atas location but affordable home is available at least.

Ryu :
@Gemini
Your story answer also half cook & half unknown. Google alone won’t tell everything. Don’t just use one sample to turn over cover the whole scenario.
What about Queens waterfront? This is not old project implemented with old rules. I know developer build alot of affordable home but why not in Queensbay?
Asia green also slot in affordable unit for Quaywest residence. Andaman even though with luxury prestige address but still reserved some land for low medium cost apartment later under gov.
Straits quay also a so well known as atas location but affordable home is available at least.

Affordable unit can be relocated to other area if the developer have other land banks.
Not necessary built next to the luxury condo.

Like uncle fry char koey teow, he rent a stall at gruney RM100 per day. so he have to sell RM10 Char koey teow. The client come in tell uncle why you koey teow so expensive! sell lower la.

Uncle sad because he is being compare to hawkers at paya terubong that rent RM30 per day, uncle cant cover cost uncle close shop

@Ryu
May be you don’t fully understand the affordable housing rules between state government and developers.
If developer not prefer to build affordable house in the prime location like Queens, think they got 2 options:
1) pay some premium fund to state government.
2) build affordable house at some other location other than the prime location, eg Muze PICC, the affordable house was built at Sg Ara, and many other more cases like this.
Why AG built affordable house slot in Quaywest, this is up to their choice, doesn’t mean all developers need to follow.

@Ryu

Let’s go back to a more realistic scenario.
1. Gov gives dev land (with cost or exchange, not free)
2. Dev needs a loan + develop + build road + flyover planning + open new township, in short, dev bears the risk.
3. Dev done build and sell premium condo
4. Rich customers pay the premium and power the whole chain.

Ok, so let’s plug in your affordable here.
1. Those who pay a premium for fun, are they?
2. Dev POV, your product is no longer premium, which means you can’t charge back all those early-stage investments.
3. It means the whole thing at the end is not really good profit, so no developer wants to do it anymore.
4. Dev not doing charity
5. Gov also not willing to bear the risk, hence expect Dev to supply all + develop.
6. Eventually, the culture becomes that you need to let the “rich” enjoy first, and the affordable later.
7. Those dev who choose to build affordable nearby is their own strategy, we can’t comment on that.

From all these relationships, ain’t hard for anyone to understand which part of the system goes wrong if you don’t see an affordable house in The Light. You can cry why no enforcement of rules to force developers to build affordable, but that also is a kind of interrupting the free market.

An interrupted free market will only result in stagnant of the market because people don’t dare to invest.

You can go ask around AsiaGreen customer reviews, not only QuayWest, some like The Spring can also, then you will know why Q1 Q2 prices are so much higher than QuayWest.

current people mindset is rich work for the lazy n poor
poor people can keep blame rich people and dictate what to do with their money

hi anyone know the current price (per unit/per sqf) and any offers?

@Islander
My question is The Light & Queens waterfront having so much of land bank if you check carefully how many acre of land here. The light still available so much of empty land to develop. Queens waterfront so much too if land bank even infront of bay star along from Q1 to Q4 so huge until gold Coast. We don’t need a Seaview but just right in that location why can’t even cater in for affordable unit. You see Andaman they reserved for that now.
Asia green developer doesn’t have such a land as The light & Queens. In fact they already build in The Zen & small portion in Quaywest.

@Islander
I asked the review from many AsiaGreen customers and they are highly satisfied with the workmanship and price appreciation. I feel they are putting customers’ satisfaction first and profit last. Very responsible developer!

LL :
@Islander
I asked the review from many AsiaGreen customers and they are highly satisfied with the workmanship and price appreciation. I feel they are putting customers’ satisfaction first and profit last. Very responsible developer!

out of topic