The Penang government will not be raising the prices of low-cost (LC) and low medium-cost (LMC) units in the state.

State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the LC unit in Penang is priced at RM42,000 while LMC unit is priced at RM72,500.

“Some states have raised the prices of LC and LMC units. In some states, the price of an LC unit has been increased from RM42,000 to RM60,000 while the price of an LMC unit has been increased to RM100,000.

“Even before the pandemic, the Penang government had mentioned that the state will not falter because these are affordable homes for the people.

“How can we increase the prices? I want the Housing and Local Government Ministry to look into the matter,” Jagdeep told a press conference at Block A, Greenlane Heights in Jalan Besi yesterday.

Jagdeep said the Penang government would not be increasing the cost of the LC and LMC in Penang.

“We will maintain the prices. It is our social responsibility.

“We have a target of supplying 220,000 units of affordable homes (of various prices) under the Penang2030 vision – from RM42,000 to RM300,000 per unit (on Penang island), and from RM42,000 to RM250,000 per unit (on the mainland).

“We have supplied almost 130,000 units of affordable homes now. I am confident that we will be able to supply 220,000 units of affordable homes, or even more, by 2030,” he added.

Also present were Seri Delima assemblyman Syerleena Abdul Rashid and Bukit Gelugor MP Ramkarpal Singh.

Jagdeep said that the state was also assisting several housing projects in maintaining their housing schemes.

“These housing schemes have to be eligible for the maintenance funds that are available in Penang.

“The state has various maintenance funds to help the people maintain their schemes. They are the Public Housing Maintenance Fund, the housing maintenance funds under the Penang Island City Council and the Seberang Perai City Council, and Penang Maximum 80% Housing Maintenance Fund (TPM80PP).

“Those LC, LMC and private housing schemes of up to RM150,000 (at the time of principal purchase) can apply for the TPM80PP, and are eligible to be considered by the state government,” Jagdeep said.

Jagdeep said the state has approved the TPM80PP application by Block A, Greenlane Heights.

“The apartment is 24 years old. It has constantly faced electrical system problems.

“The most noticeable problems are at the corridors and the riser room.

“The total cost of the maintenance work is RM221,710 and the state has agreed to bear 80% of the total cost.

“We are happy that the management corporation of the housing scheme is willing to bear the remaining 20%,” Jagdeep said.

Source: Buletin Mutiara

The government has agreed to allow interstate travel from tomorrow, Prime Minister Datuk Seri Ismail Sabri Yaakob said.

He said this is after the COVID-19 vaccination rate of the adult population in the country hit 90 percent.

“The government has agreed to allow Keluarga Malaysia (Malaysian Family) who are fully vaccinated to cross state borders from tomorrow without having to apply for police permits,” he said in a special media conference aired live on television stations and via social media platforms today.

Source: Bernama

The proposal of seven major infrastructure projects involving various industries was presented in a briefing session with the Minister of Finance, Tengku Datuk Seri Zafrul Tengku Abdul Aziz in conjunction with the preparation of the 2022 Budget.

Tengku Zafrul said he took note of all the proposals submitted by the Penang State Government and would discuss the matter with the relevant ministries.

“We (MoF) will consider this matter and then will bring the proposals submitted for the consideration of the ministries and the agencies involved.

“Furthermore, there are several proposals tabled by the Penang State Government that are in line with the MoF’s focus in preparing the budget for 2022,” he said in a briefing session with the Chief Minister, Y.A.B. Mr. Chow Kon Yeow near Komtar today.

Kon Yeow expressed his appreciation to the delegation from the Ministry of Finance for holding an engagement session together with selected states to hear their views in the preparation of the 2022 Budget.

“The implementation of such engagement sessions or discussions is very good to ensure that the state development agenda is in line with the national (development) agenda.

“In fact, it can also ensure that the policies and plans of the Federal Government are implemented carefully through the full involvement of all stakeholders, including the State Government.

“I sincerely hope that this approach can be continued in the future, and the Penang State Government will continue to cooperate for the progress and well-being of the people as a whole,” he commented.

He added that the Penang State Government has come up with a state development plan until 2030 known as Penang 2030: A Family-focused Green and Smart State that Inspires the Nation.

It is understood that the seven projects presented by the Penang State Government in the relevant briefing session involved a financial allocation of about half a billion ringgit.

The 7 major projects include:

1. Redevelopment of the Padang Tembak People’s Housing Project (PPR)
2. Flood mitigation plan (RTB) for Perai industrial area
3. Construction of the Sungai Tengah Bridge connecting Bandar Cassia to Byram and Changkat
4. Construction of eco-friendly bicycle paths along the shores of Jalan Batu Feringghi, from Hotel Flamingo in Penang to Rasa Sayang Resort
5. Batu Kawan Stadium upgrade project
6. Butterworth Creative Centre
7. Upgrading facilities in the laboratory for PSDC German Dual Vocational Training (GDVT) -Malaysian Meister Program (MMP) Level 1

Source: Buletin Mutiara

The government has eased up on the new rules for Malaysia My Second Home (MM2H) programme, with those already enrolled needing to only comply with two of the 10 new requirements.

Home minister Hamzah Zainudin said existing MM2H programme holders would not be tied to the new conditions, except for the fee increase from RM90 to RM500 a year, and the requirement to stay in the country for a minimum of 90 days each year.

“The improvements are to ensure that only those who are of ‘good quality’ and who can really contribute to the nation’s economy are allowed to join the programme,” he said at the Dewan Rakyat on Tuesday.

The programme was suspended in July 2020 before being rolled out once again this August with 10 new requirements.

Among the new requirements were higher compulsory fixed deposits (FD) in local banks worth RM1 million (from between RM150,000 and RM300,000) and offshore monthly income of RM40,000 (from RM10,000).

The new conditions also require applicants to have at least RM1.5 million in liquid assets, compared with between RM300,000 and RM500,000 previously.

Among those who have called for the new MM2H conditions to be reviewed was Johor’s Sultan Ibrahim Sultan Iskandar, who said it would dent the country’s revenue and frighten off investors.

Source: FreeMalaysiaToday.com

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Project Name: The Bagan Suite
Location : Butterworth
Property Type : Industrial (strata)
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Indicative Price: RM150k onwards
Developer: Jayamas Property Group

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.