The government is looking to extend the Home Ownership Campaign (HOC) until the end of this year, says Housing and Local Government Minister Datuk Zuraida Kamaruddin.

She informed that she had requested Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz to allow the extension.

“However, the MoF (Ministry of Finance) will probably review the conditions, and they will be a little different from the existing ones,” she told reporters after attending Malaysia’s Best Managed and Sustainable Property Award 2021 here yesterday.

Meanwhile, Zuraida said as of Feb 28, 2021, a total of 34,354 units of houses worth RM25.6 billion were successfully sold for the 2020-2021 HOC campaign, with discounts totalling RM4.3 billion.

The HOC in 2020 was implemented with stamp duty exemption, as well as a 10% discount for eligible applicants to purchase houses worth RM300,000 to RM2.5 million.

Source: EdgeProp.my

Scientex Bhd plans to build more affordable homes in Penang, following the overwhelming response for the company’s maiden Penang township in Tasek Gelugor.

Its chief executive officer Lim Peng Jin said the first phase of Scientex Tasek Gelugor, launched in October 2020 has recorded a take-up rate of more than 90 per cent to date.

Lim said the high take-up for Phase 1 of Tasek Gelugor indicates robust demand for affordable homes in Penang.

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Penang Chief Minister Chow Kon Yeow has stressed the importance of obtaining more industrial land to spur investments in the state.

“Penang drew in RM16.9 billion of total approved manufacturing investments in 2019, and RM14.1 billion last year.

“We attracted over RM30 billion of total approved manufacturing investments in just two years, which is why we need to find more industrial land other than Batu Kawan.

“How can we maintain these achievements and momentum to drive our industry in Penang? What do we have? How can we help to provide our people with more job opportunities?” Chow questioned during a planning and coordination workshop on the proposed master plan of the Batu Kawan Industrial Park 2 today.

The workshop, which was held at Olive Tree Hotel Penang, was organised by Penang Development Corporation (PDC); and was attended by various government agencies.

Chow mentioned about the factors that could attract investors to Penang.

“Investors will look at sustainable living, green and smart state, the quality of life, vibrant cultural art, infrastructure, and education. All these and much more will be considered by the investors before they make a decision to invest in a certain location.

“They will look beyond the cost factor. They will look at the ecosystem, the supply chain, and the availability of workers.

“Land is the most important factor.

“Penang has the advantage of being an industrilised state for the past 50 years but we must not be complacent,” Chow said.

Chow said it is crucial for Penang to get more industrial land ready on top of what it already has.

“The Batu Kawan Industrial Park 2 (BKIP2) in Byram is important to our industrilisation journey for the next 10 to 20 years,” he said.

Chow said the BKIP2 would be 10th industrial park in Penang.

“The nine industrial parks that have been successfully realised are in Mak Mandin, Perai, Bayan Lepas, Seberang Jaya, Bukit Tengah, Bukit Minyak, Penang Science Park, Penang Science Park North and Batu Kawan Industrial Park,” he said.

Also present were PDC chief executive officer Datuk Mohd Bazid Abd Kahar, senior deputy chief executive officer Datuk Yeoh Lean Huat, and deputy chief executive officer (planning) Aziz Bakar.

Source: Buletin Mutiara

About Vertu Resort Condominium

First resort-inspired high-rise development by Aspen Group at Batu Kawan, with a gross development value (GDV) of RM620mil. This is the second phase (and the first residential development) in Aspen Vision City.

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