A proposed affordable housing development by Taman Sri Bunga Sdn. Bhd. (a subsidiary of BSG Property) at Tanjung Bungah. Strategically located within upscale neighbourhood along Lorong Sungai Kelian 10, right next to Prince of Wales Island International School. It is only a mere minutes drive to Penang famous tourist belt of Batu Ferringhi.

This development will see the construction of a 33-storey low-medium cost apartment, featuring 342 residential units and 5 levels of car parking podium. There will also be 14 units of shop offices at the ground level.

The project is only for eligible applicants only.

READ MORE ABOUT AFFORDABLE HOUSING:

• Eligibility and the requirement of buying affordable housing
• Full list of affordable housing in Penang

Project Name: (to be confirmed)
Location: Tanjung Bungah
Property Type: Affordable Housing (Type B)
Built-up Size: 750 sq.ft. (to be confirmed)
Total Units: 342
Indicative Price: RM72,500
Developer: Taman Sri Bunga Sdn. Bhd. (BSG Property)

Location Map:

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.

Standard Chartered Bank (StanChart) expects Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) by another 25 basis points (bps) in the upcoming Monetary Policy Committee (MPC) meeting scheduled on Nov 3.

It would be the last MPC meeting for this year.

StanChart said in a note yesterday that the imposition of the latest Conditional Movement Control Order (CMCO) might require renewed focus on growth support amid a sharp resurgence of Covid-19 infections in the country.

It also said the latest extension of the CMCO to Nov 9 might threaten the lower bound of the government’s 2020 Gross Domestic Product (GDP) growth forecast of -3.5% to -5.5%.

“This may provide an anchor for BNM’s decision on Nov 3,” it said.

StanChart said further rate cuts might not boost investment activity at this time but a lower interest rate would help to lower financing costs and provide a bit more cash buffer for households.

The bank said another risk to its OPR forecast was concerns over foreign exchange stability.

It said that given the upcoming US election, growth and inflation should be the primary considerations for monetary policy.

Overall, in its view, the decision is likely to be a close one, depending on whether BNM wants to be pre-emptive.

“We think the recent sharp increase in infection rates onshore may require longer-than-expected restrictions to flatten the curve.

“With the next BNM policy meeting likely to be only in January 2021, we expect the central bank to provide additional monetary support now rather than later,” it added.

The OPR currently stands at 1.75% after the central bank slashed the key interest rate four consecutive times this year, kicking off with the two 25 bps reductions at the January and March meetings, followed by a 50 bps cut in May and another 25 bps cut in July.

Source: EdgeProp.my

Strategically located at the southern coast of Penang Island, Dua Residensi is a project under Penang Affordable Housing Scheme (RMM) providing quality housing at an affordable price for Penangites. It is located at Teluk Kumbar which is just a 10 minutes’ drive from Penang International Airport and about 15 minutes from the Second Penang Bridge.

Dua Residensi offers a total of 694 residential units with the size ranging from 850 sq ft to 1,000 sq ft. and priced from RM250,000. Featuring 2 blocks of residential units along with a 7-level multi-storey car park, it is surrounded by lush greenery with a spectacular natural environment and stunning landscape, complemented with recreational area and panoramic viewing deck from residential tower.

Dua Residensi is now completed with CCC obtained. Open market units are now open for booking from RM275,000 onwards.

For more details on Dua Residensi, please contact Penang Development Corporation at 04-6139999 and 04 -5050001. You may also register your interest below to receive a callback.

PENANG DEVELOPMENT CORPORATION
Level 1 Tun Dr Lim Chong Eu Building, No. 1, Persiaran Mahsuri, Bandar Bayan Baru,
11909 Bayan Lepas, Penang.
Tel: 04 – 613 9999

PDC SALES GALLERY BATU KAWAN
Pusat Rehat & Rawat, Lebuhraya Bandar Cassia, Batu Kawan,
14110 Simpang Ampat, SPS Pulau Pinang
Tel : 04 – 505 0001

PROJECT LOCATION

Draft SAP is now displayed in MBPP hallway at Komtar’s Level 3, MBSPs hallway and Penang Hill Railway’s lower station.

Seven possible spots to build a cable car station in Penang were proposed during the Penang Hill Special Area Plan (SAP) (Substitution) public hearing.

The possible locations include Teluk Bahang, Balik Pulau, Penang Rifle Club’s site outside Penang Botanic Gardens, City Park, Penang Turf Club, near Penang Hill Railway’s lower station and Paya Terubong.

The proposed locations for the cable car’s upper station include the area near The Habitat, behind Penang Hill’s mosque, behind Penang Hill police station and beside Penang Hill Railway’s upper station.

State local government committee chairman Jagdeep Singh Deo said that during a survey conducted earlier on the proposed cable car plan, about 95% of respondents supported the plan.

“Conducted over two years, the survey received 2,000 respondents, ” Jagdeep told a press conference after launching the SAP publicity and public participation campaign.

Jagdeep said they welcome all feedback and want to give opportunities to Penangites to give their views on plans slated for Penang Hill.

“The public participation period is from now until Dec 28, with SAP counters open to the public for two months at three locations in Penang, ” he said.

Penang Hill Corporation general manager Datuk Cheok Lay Leng said the hill is a sensitive area so the SAP’s spirit is not to develop the hill but to manage it carefully.

“We want to ensure sustainable development on the hill so that future generations can enjoy it, ” he said, adding that an independent consultant is studying the proposed cable car station locations and will submit a report soon.

The draft SAP is now displayed in Penang Island City Council’s (MBPP) hallway at Komtar’s Level Three, Seberang Prai City Council’s (MBSP) hallway and Penang Hill Railway’s lower station.

Source: TheStar.com.my

Taman Kalidonia Indah, an affordable housing (Type A) development by EcoWorld in partnership with Penang State Government. It is located on a 15.1 acres land along Jalan Sungai Daun near Kalidonia Farm, about 2km away from Nibong Tebal KTM station.

The project will feature 272 low-cost housing units, to be built in two phases at a cost of RM50.94 million funded by Eco Horizon Sdn. Bhd. 80 existing households on the project site will each get a unit, while the rest would be offered to applicants who are registered with the State Government under the Type-A affordable housing.

Phase 1: 112 units (expected completion – 2022)
Phase 2: 160 units (expected completion – 2025)

Each unit will come with a standard built-up size of 650sq.ft, featuring high ceilings and can be renovated to accommodate about 200sq.ft. more. The neighborhood will feature common car parking spaces and community areas such as a lake, park and tracks for jogging and cycling activities.

READ MORE ABOUT AFFORDABLE HOUSING:

• Full list of affordable housing in Penang
• Eligibility and the requirement of buying affordable housing

Project Name: Taman Kalidonia Indah
Location : Nibong Tebal
Property Type : Low-cost housing
Total Units : 272
Land Tenure : Leasehold
Indicative Price : RM42,000
Developer: Chief Minister’s Corporation (CMI) & Ecoword

Location Map: