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Penang earmarks five areas for PPR with Rent-To-Own scheme

Property News/ 28 November 2019 No comments

penang-5-area-for-pprThe Penang government has identified five plots of land, specifically for the People’s Housing Projects (PPR).

State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said they have earmarked two such plots on the island and three on the mainland.

He said the five plots of land, totalling 72.3 acres, are in Bandar Jelutong, Jalan Mayang Pasir, Ujung Batu, Kampung Tongkang and Batu Kawan.

He said the state is always committed to looking into the plight of those in the lower-income group.

As such, he said the state would continue with its Rent-To-Own (RTO) scheme for PPR despite the Federal Government’s plans to rebrand such scheme.

“I have urged the state Housing Department and Penang Development Corporation (PDC) to write into the Housing and Local Government Ministry.

“This is to ensure that part of the RM10bil allocation announced for the national budget for next year could be used to fund such a scheme.

“Penang will still be maintaining the RTO scheme to assist those in poverty to rent before owning PPR units,” he told a press conference at the PDC office in Bayan Baru today.

Jagdeep said PDC currently has 20 projects that make up a total of 21,484 units.

Out of that, 1,568 units had been built, 3,677 units are in various stages of being built and 16,239 units have already been approved to be built.

The 3,677 units being built, he said, come from seven projects.

“Three of the seven projects are scheduled to be completed in the first quarter of next year.

“They are Dua Residensi in Teluk Kumbar with 694 units, Jiran Residensi in Kampung Jawa, Central Seberang Perai district with 707 units and Kepala Gajah, South Seberang Perai district with 41 units,” Jagdeep added.

He said PDC also had been directed to write into the ministry to ensure that those whose loans had been rejected by banks would be given priority for federal funds to buy the unsold units.

Source: Buletin Mutiara

 

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Kampung Mutiara housing project to be completed in 4 years

Property News/ 27 November 2019 1 comment /中文版

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Property development and asset management company UDA Holdings Bhd (UDA) will take four years to build a housing project, comprising low-cost, affordable and medium-cost residential units in Kampung Mutiara in Batu Ferringhi near here.

Its chief executive officer, Mohd Salem Kailany said the project, comprising 1,068 residential units, which will be built on a two-hectare site vacated by villagers, will take off this year.

He said the project entails 400 low-cost flat units, 166 affordable apartment units and 502 medium-cost apartment units.

“UDA has been one of the prime movers in resolving the resettlement of residents of Kampung Mutiara residents and the surrounding areas. At the same time we have the opportunity to develop low-cost flat units, as well as affordable and medium-cost apartment units which will be opened for sale.

“Out of the 1,068 residential units, 400 flat units will be catered for the resettlement of the residents of Kampung Mutiara, Kampung Che Ahmad, Kampung Din Bamboo and Kampung Kubur. They will offered the flat units for free.

“The eligible residents have been identified in accordance with the guidelines set by the Penang government,” he told reporters after the handing over ceremony of the keys to the Selasih Court, Tanjung Tokong, a temporary residence for 75 eligible residents of Kampung Mutiara, here today.

The event was officiated by Penang Deputy Chief Minister Datuk Ahmad Zakiyuddin Abdul Rahman.

The 75 residents (families) are part of the 400 residents who had been served with a court order to vacate the land to make way for the housing project to be built by UDA for them.

“The residents will be staying in a temporary housing that we provide for free until the housing project is completed. Once completed, they will get a more organised and comfortable 800-square-foot home in Kampung Mutiara, ” Mohd Salem said.

He said UDA hopes the move will strengthen UDA’s role as one of the Bumiputera agencies in spearheading the development of Bumiputera settlements in Penang.

“Part of the project development fund is derived from the federal government through a soft loan, while the rest from UDA own financing,” he said.

Ahmad Zakiyuddin said the Penang government was grateful for UDA’s cooperation in resolving the resettlement of Kampung Mutiara residents who had to be temporarily relocated so that the housing project could be implemented.

Kampung Mutiara Resident Committee chairman Rosman Zainol said the villagers thanked various quarters, especially UDA and the Penang government for relocating them in stages to a temporary accommodation for free.

Villager Mohd Sharif Din, 83, said he was happy to move to a temporary home as he had been squatting on the land for the past 30 years.

“When the Kampung Mutiara housing project is completed, I will move to my own home,” he said.

Su Wahab, 60, said she was indebted to UDA and the state government for providing a temporary housing for her family for free.

“After being told that I had to move out of Kampung Mutiara I was very worried as I do not know where to go. Thanks to UDA, the Selasih Court unit is very comfortable, ” she said.

Source: Bernama

 

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SITE PROGRESS: Woodsland Park (Nov 2019)

Property News/ 27 November 2019 No comments

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About Woodsland Park

A freehold affordable housing development by PTL Properties Sdn. Bhd. near Jalan Betek in Bukit Mertajam. It is strategically located next to Taman Sungai Rambai, just a stone’s throw away from SJK(C) Keow Kuang Primary School. Amenities such as schools, markets, banks, shopping malls, and eateries are only a few minutes’ drives away.

Find out more about Woodsland Park

 

UPCOMING: Teluk Kumbar / Mingshe Sdn. Bhd.

Teluk Kumbar/ 26 November 2019 No comments

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A newly proposed gated and guarded residential development by Mingshe Sdn. Bhd. at Teluk Kumbar. Located on a 1.5-acres land along Jalan Teluk Kumbar, diagonally opposite SK Teluk Kumbar. It is only about 10 minutes drive from Penang International Airport, within walking distance to Lexis Suites Penang.

This will be a gated and guarded development offering 21 units 4-storey link houses, with 3 different design types to choose from.

The project is still pending for approval. More details will be available upon official launch.

Project Name : (to be confirmed)
Location : Teluk Kumbar
Property Type : Gated & guarded
Built-up Size: (to be confirmed)
Total Unit: 21
Indicative Price : (to be confirmed)
Developer : Mingshe Sdn. Bhd.

Register your interest here

(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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Cecil Residensi

George Town/ 24 November 2019 75 comments /中文版

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Cecil Residensi, an affordable housing development by Penang Development Corporation (PDC) at George Town. Strategically located between Tun Dr. Lim Chong Eu Expressway and Pintasan Cecil, surrounded by an abundance of amenities which include markets, schools, and eateries. It is only 10 minutes drive to Penang Bridge.

This development will see the construction of a 24-storey residential building, offering 348 low-medium cost units. More than 200 units will be allocated to the original residents and those who are affected by other PDC’s development projects at Weld Quay area. The remaining units will be open for application by eligible buyers.

There will also be 9 units of shop offices located at ground level.

READ MORE ABOUT AFFORDABLE HOUSING:

Project Name : Cecil Residensi
Location : George Town
Property Type : Affordable housing
Tenure: Leasehold
No. of Storey: 24
Built-up Size: 700 sq.ft.
Total Units : 348
Indicative Price : RM72,500 (LMC price)
Developer : Penang Development Corporate (PDC)

SITE PROGRESS

DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement unless stated otherwise. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider or party in question.

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