Penang Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo hopes a certain percentage from the upcoming Budget 2020 will be allocated for public amenities, particularly affordable housing.

He said that one of the state government’s main targets was to achieve 180,000 units of affordable housing in Penang, but none of the 102,335 existing units and ongoing projects were built by the Federal government.

He also expressed his disappointment that the Federal Government proposed to scrap the affordable housing development projects such as the 1Malaysia People’s Housing Programme (PR1MA), the National Housing Company (SPNB) and the 1Malaysia Civil Servant Housing Scheme (PPA1M), as it was deemed not cost-effective.

“Unless the Federal Government can agree to either build more affordable houses in Penang or to set aside some percentage of our taxpayer’s money for affordable housing,” he said in his speech during a workshop on affordable housing here today.

He also hoped that the Housing and Local Government Minister Zuraida Kamaruddin would uphold the responsibility of delivering affordable housing to not only Penang, but to all states in Malaysia.

Meanwhile, Jagdeep also hoped that the high rate of loan rejection could be reduced, especially among buyers purchasing low cost (LC) and low-medium cost (LMC) units as their first home.

He said that commercial banks have categorised these first time home-buyers as “high risk” due to their low income.

“It is a catch-22 situation, because we have set the guidelines that people with low incomes are allowed to purchase LC or LMC units,” he said in a press conference, adding that seven out of 10 loans were rejected.

He added that an official letter from the state Chief Minister Chow Kon Yeow regarding the 2020 Budget wish list had been sent to Putrajaya.

The budget would be tabled by Finance Minister Lim Guan Eng on Oct 11.

Source: Bernama.com

Following the introduction of Amansara South, NusaCinta is the second residential component to be launched in the 1,675-acre Setia Fontaines master-planned township development by SP Setia. This will be the first gated residential precinct located next to the 63-acre man-made lake with musical fountain.

NusaCinta comprises a total of 294 landed residential units, offering a few types of landed houses with built-up size ranging from 1,332 sq.ft. up to 2,943 sq.ft. Indicative price starts from RM420,000 onwards.

Project Name : NusaCinta @ Setia Fontaines
Location : Bertam, Penang
Property Type : Gated and guarded landed houses
Land Tenure: Freehold
Total Units: 294
Built-up Size: 1,332 sq.ft. – 2,943 sq.ft.
Indicative Price: RM420,000 onwards
Developer : S P Setia

Location Map:

SITE PROGRESS

SITE PROGRESS: Nusacinta @ Setia Fontaines (Apr 2024)

SITE PROGRESS: Nusacinta @ Setia Fontaines (Aug 2022)

SITE PROGRESS: Nusacinta @ Setia Fontaines (Mar 2022)

SITE PROGRESS: Nusacinta @ Setia Fontaines (Dec 2021)

SITE PROGRESS: Nusacinta @ Setia Fontaines (July 2021)

The advent of the Covid-19 pandemic has forced many to re-think the importance of buying a low-density home with social distancing in mind. Valencia Residence is a low-density modern home built on a higher vantage, gifted with a breathtaking sea view along the southwest coast of Penang Island. The 64-masterpiece is strategically located within close proximity to Penang International Airport, future LRT links and reclamation of 3 new islands.

Affordable yet luxuriously comfortable, Valencia Residence nestled within a friendly neighborhood with a myriad of cultures and ethnicities. It is conveniently located with an abundance of nearby amenities which include international schools, hospital, golf course and mall. With just a short stroll, you will discover a scenic spot that offers endless play and relaxation along the stretch of sandy beach at Teluk Bayu.

VALENCIA RESIDENCE SHOW UNIT
[View in FULL SCREEN]

This is one of the few development in Penang that received GreenRE silver certification from REHDA, featuring optimized energy and water efficiency with enhanced indoor environmental quality which includes air quality, thermal comfort, acoustic control and daylighting.

Valencia Residence offers a price that is just right with comfort, class and luxury at half the cost of homes in the Gurney area. With a spacious built-up of at least 2,110 sq.ft. and only 64 units, this project is optimally designed for a family-oriented lifestyle. Upgrade option is available to complete your home with elegantly designed functional wet and dry kitchen, making it a perfect open workspace for any occasions.

To find out more details, kindly contact developer at
+6012-704 8060 ( WhatsApp)

Sales Gallery: Aman Setia Group
549, Jalan Masjid Negeri, Jelutong, 11600 Jelutong, Pulau Pinang

Website: www.valenciapenang.com

SITE PROGRESS

SITE PROGRESS: Valencia Residence (Sept 2021)

SITE PROGRESS: Valencia Residence (May 2021)

SITE PROGRESS: Valencia Residence (Aug 2020)

Property developer IJM Land Bhd plans to start its “Light City Penang”, integrated city development project with a gross development value (GDV) of RM4.5 billion at The Light Waterfront here, by the first quarter of next year (1Q2020).

General Manager Tan Hun Beng said the first phase of the development included an integrated commercial centre and shopping mall, a 500-room four-star hotel with an office tower, a residential area named “Mezzo” comprising 456 units of condominium and a Light-Rail Transit (LRT) station under the Bayan Lepas LRT line.

Tan said the first phase is expected to be completed by 2023.

“Phase two involves a continuation of the shopping mall for another 325.16 sq m (3,500 sq ft), another hotel and office tower, and an additional residential area called “Essence” with over 300 housing units,” he told Bernama after a media appreciation night here.

He said while the whole project had a GDV of RM4.5 billion, the first two phases were valued at RM3 billion and RM1.5 billion respectively.

Meanwhile, Tan said the development was initially a one-off project, but split into two phases subsequently, due to the current economic scenario.

“For instance, the LRT station project was actually approved by the state government quite some time ago.

“But, now that the whole development has been separated into two different phases, we have to resubmit our proposal with some minor amendments and expected approval by year-end,’ he added.

Source: Bernama.com

The Penang government will not extend the deadline for ratepayers to submit their appeals or objections against reviews of their property assessment rates, said state exco Jagdeep Singh Deo.

The local government, housing and town and country planning committee chairman said ratepayers must submit their objections and appeals by October 14.

“The notice of the review was sent out some time ago so they had enough time to submit their appeals, it was a simple process,” he said.

He said the notice came with a section for ratepayers to fill in their objections that they could then submit to their respective city councils.

“After they submit their appeals, the city councils will process it and then call them in for hearing on their appeals so they will need to present their grounds for their appeal then,” he said.

Both the Penang Island City Council (MBPP) and Seberang Perai City Council (MBSP) notified ratepayers in the state of a review of property assessment rates for 2020 about two weeks ago.

In the review, the annual value of properties have been updated so the assessment rates were reduced to mitigate the impact of higher annual value.

Jagdeep, in announcing the review, said both councils have not reviewed the rate and annual value of properties for 15 years.

The review caused an uproar as ratepayers claimed the amount they had to pay had increased between 60 to 98 per cent.

In a bid to explain the calculations behind the review of the annual value for properties, MBPP will set up information booths at nine locations for the next three weekends.

There will be booths at Gurney Paragon, Queensbay Mall, Tesco Jelutong and Balik Pulau Market on September 28, October 5 and October 12 from 11am to 9pm.

There will be booths at Gurney Plaza, Tesco Tanjung Tokong, Sunshine Square Bayan Baru, Sunshine Farlim and Balik Pulau Market on September 29, October 6 and October 13 from 11am to 9pm. The booth at the Balik Pulau Market will be open from 7.30am to 1pm.

Jagdeep said MBSP will also set up information booths on the mainland to assist ratepayers in Seberang Perai.

Source: MalayMail.com