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What is Rumah Mesra Rakyat (RMR) program?

Property News/ 29 November 2022 No comments

rmr-spnb-list

Rumah Mesra Rakyat (RMR) is a program established by SPNB to help those with household income below RM 3,000, who do not have a house or live in dilapidated houses but have land to build their own home.

In Budget 2023, Finance Minister said the RMR program will involve the construction of 4,250 units across Malayaisa with an allocation of RM358 million.

Prices and features of RMR

Here are the prices and features of RMR units provided by SPNB. All types of RMR houses have the same concept which is 1 floor with 2 bathrooms and 3 bedrooms.

spnb-rmr-features

Applicant eligibility

  • Malaysian nationality.
  • Applicants must be 18 – 65 years of age.
  • Monthly household income must not exceed RM3,000.
  • Applicant and spouse does not own any property/ owns a dilapidated or rundown house.
  • Suitable proposed land must be free from mortgage/burdens/restraint. If the applicant is not the owner of the said land, they must obtain the approval from the owners of the proposed land.
  • Size of land must be no less than 3,000 sqft (depending on the design).
  • Subject to financing budget
  • For West Malaysian applicants above 42 years of age, a second applicant aged between 18-42 is needed.
  • For Sabah, Sarawak and island applicants above the age of 38, a second applicant aged between 18-38 is needed.

RMR design 

 

You may visit SPNB website for more details and the application process.

UPCOMING: Bukit Jambul / PDC Properties Sdn. Bhd.

Bukit Jambul/ 28 November 2022 8 comments

proposed-development-pdc-properties-sdn-bhd

A newly proposed residential development by PDC Properties Sdn. Bhd. at Bukit Jambul. Strategically located along Persiaran Bukit Jambul, adjacent to The Address condominium by IJM. It is only about 10 minutes walking distance to sains@usm Campus and INTI International College Penang, just a mere minute’s drive to Penang Golf Club. Some units are expected to have an unobstructed view of the golf course.

This development will be completed in two phases, featuring a total of 583 condominium units:

Phase 1
A 33-storey residential tower featuring 200 condominium units with 7 levels of car parking podium. Facilities will be located at level 7.

Phase 2
Two 40-storey residential towers featuring 383 condominium units with 8 levels of car parking podium. Facilities will be located at level 7.

The project is still pending approval, there is no further detail available.

Project Name : (to be confirmed)
Location : Bukit Jambul
Property Type : Residential
Tenure: Leasehold
Built-up Size: (to be confirmed)
Total Units : 583
Indicative Price : (to be confirmed)
Developer : PDC Properties Sdn. Bhd.

Register your interest here for updates on this project and other property news

(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.
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DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider, or party in question.

SITE PROGRESS: Ferringhi Hills (Nov 2022)

Property News/ 28 November 2022 No comments

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About Ferringhi Hills

A landed residential development within the established township of Batu Ferringhi. It is located along Persiaran Sungai Emas 1, only 10 minutes walk to Ferringhi Beach. It will feature a mix of 3-storey terrace (with lower-ground level) and semi-detached, bungalow houses, to be constructed in two phases.

Find out more about Ferringhi Hills

Register your interest here for updates on this project and other property news.

(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.

Iconic Property Roadshow @ Queensbay Mall (23-27 Nov)

Events & Promotions/ 26 November 2022 No comments

XmasPropertyRoadshow

HOHOHO! Iconic Christmas Property Roadshow is coming to you on this Wednesday-Sunday! Come over to Queensbay Mall G floor (In Front of Sephora) on this 23-27 November 2022 (10.30am-10.30pm).

📌 Affordable Homes & Commercial Units @ Alma, Penang
📌 Iconic Regency Service Suites @ Sg Nibong, Penang
📌 Iconic Skies @ Relau, Penang
📌 Iconic Vue Affordable Homes @ Batu Ferringhi, Penang

Penang govt to ensure balanced development on the island and mainland

Property News/ 25 November 2022 No comments

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Chief Minister Chow Kon Yeow yesterday told the State Legislative Assembly that the Penang government is ramping up its efforts to ensure a balanced development on the island and mainland through multiple authorised platforms.

Chow (PH – Padang Kota), who has always believed in the potential of a blooming industry in Seberang Perai, once again reiterated that the future of Penang is in Seberang Perai.

“The Penang government, through its Penang Development Corporation (PDC), has been spearheading many initiatives to ensure balanced development in the state, which include giving importance to incorporating the green and smart state concepts in current and future developments.

“We have always been an agent of the Environmental Social Governance (ESG) and the Sustainable Development Goals (SDGs) and view them as a pathway to further strengthening the image of our state,” Chow said in his winding-up speech during the State Legislative Assembly in Light Street yesterday.

In a related development, he also said that PDC is working hard to ensure the industrial development in the ever-growing Batu Kawan Industrial Park (BKIP) as well as the Penang Science Park South and East continue to bloom.

“New developments are expected to span around 1,800 acres in total land size, and with this, we hope to attract as many foreign investors as possible in quarter one next year (Q1 2023).

“Meanwhile, the Bandar Cassia Technology Park (BCTP) and the Batu Kawan Industrial Park will open opportunities for potential investors to accelerate the ‘promoted industries’ concept in the state.

“The areas involved are the Electrical and Electronics (E&E), Electronics Manufacturing Services (EMS), Light Emitting Diodes (LED), medical devices, aerospace, semiconductor, automotive and others,” Chow added.

Source: Buletin Mutiara

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