Sri Cempa Apartment, strategically located next to SK Bagan Tuan Kechil along Jalan Mengkuang in Raja Uda, Butterworth. Each unit has a built-up area of about 967 sq.ft.
Property Project : Sri Cempa Apartment
Location : Raja Uda, Butterworth, Penang
Property Type : Apartment
Total Units: 88
Tenure : Freehold
Indicative Price: RM150,000 onwards
Developer : Harta Intan
Contact No.: 04-228 2163
GEORGE TOWN: The Penang Government will probe allegations that employees of housing developers booked units in projects prior to their launch and sold them later at higher prices.
Chief Minister Lim Guan Eng said such complaints had come to his attention.
He said the state, through the Penang Housing Board to be gazetted on July 1, would study measures to curb such practices, which allegedly caused house prices to increase almost immediately after their launch.
Lim said the board would also introduce measures to safeguard the interest of Penangites who wanted to buy affordable homes.
He said other steps that would be studied included control of the sale of affordable homes in Penang to only first-time house buyers.
“This is to ensure that every eligible Penangite will have the opportunity to own a home,” he told a press conference here yesterday.
He was asked if the state planned to introduce measures to limit ownership of homes.
“When the Penang Housing Board is gazetted, our main aim will be to build affordable housing and priority will be given to Penangites and first-time buyers,” he said.
Source: The Star
BM Residence, another exciting project by Tambun Indah in Bukit Mertajam. This project comprises:
Type A: 1,539 sf.
Type B: 1,442 sf.
Type C: 1,420 sf.
Type D: 1,334 sf.
Facilities
Other related post: BM Residence Condominium
PETALING JAYA: There should be a higher limit on monthly income and property prices under the Government's My First Home scheme in the Klang Valley and major urban areas like Johor Baru and Penang.
Property consultancy Rahim & Co executive chairman Datuk Abdul Rahim Rahman said it was not realistic to have the same limit on monthly income and property prices under the scheme across the country.
“While more research is needed, I think that it is justifiable to raise the monthly income limit to RM5,000 and property price to RM350,000 in major urban areas,” said Abdul Rahim in an interview.
Abdul Rahim said the current scheme was feasible in Kelantan, Terengganu, parts of Kedah and Johor, and remote areas in Selangor. “However, the scheme should reflect the higher land values, living costs and incomes in the Klang Valley.”
Real Estate and Housing Developers' Association president Datuk Michael Yam also shared Abdul Rahim's opinion.
“The minimum value of RM100,000 for the My First Home scheme should be set aside so that those who are not entitled to RM42,000 low-cost homes can also have opportunities to own a housing unit,” said Yam.
It had been reported that the Government was looking at providing land for private property developers to build affordable housing for those who qualified under the scheme.
“There are also issues such as land matters that come under the state's jurisdiction.
“If private property developers are charged market value for the land, this scheme is not going to be feasible – especially in the Klang Valley,” said Abdul Rahim.
Yam pointed out that land generally constituted 20% of the total gross development cost of stratified properties.
“The bulk of the cost – 60% to 70% – goes into construction, professional fees, utility contributions, interest cost and cross subsidies.
“The challenge that the Government and developers will face is to find the right location, building type and costing to make this work for the scheme despite the land being free,” said Yam.
SOURCE: The Star
Residences 21, located along Jalan Macalister, it is a landmark development. Combining hi-tech materials with aesthetic and functionality. Residences 21 consist of only 21 units that with a built-up area of approximate 5,500 sq. ft.
Property Project : Residence 21
Location : Jalan Macalister, Georgetown, Penang
Property Type : Super Condominium
Tenure : Freehold
Developer : Appresquare
Contact No.: 04-226 1357
Indicative Price : RM 2,700,000 onwards
