The National Home Ownership Campaign, which was revived in Budget 2019 to tackle the high number of unsold homes in the country, will begin March 1 and feature some 30,115 completed homes, according to the Ministry of Housing and Local Government (KPKT).

Set to be unveiled at a three-day launch event from March 1 to 3 at the Kuala Lumpur Convention Centre, the campaign is expected to involve 180 developers and banks that will assist buyers with their loan applications, KPKT Minister Zuraida Kamaruddin told reporters at the ministry’s office here today.

“We are bringing back the homeownership campaign that was held in 1998. It is good to take all the overhang units to be exhibited [at the campaign] and offer them to buyers at a discount,” she said, adding that the discount for those houses will be at least 10%.

Among the 30,115 homes that will be showcased at the upcoming campaign, 10,410 units are priced below RM300,000, 7,561 units between RM300,000 and RM500,000 while the remaining 12,144 units are priced at RM501,000 and above, KPKT national housing department director-general Jayaselan Navaratnam told EdgeProp.my after the media conference.

He added that the discount on the selling prices and other offers will be made available for the buyers for a tentative period of one year after the three-day event.

“After the event, buyers will still be able to enjoy what was being offered during the launching period and we are working for one year. We are in the midst of negotiations with Rehda (Real Estate and Housing Developers Association Malaysia) to see how to make it happen,” he said.

The Home Ownership Campaign was conducted twice for three months each time in 1998 and 1999 with waivers for the stamp duty on properties priced at RM250,000 and below, as well as some processing fees such as the memorandum of transfer, to lessen the burden of homebuyers and to encourage homeownership.

In Budget 2019, Finance Minister Lim Guan Eng announced that in order to address the issue of property overhang, the government will exempt stamp duty on the instrument of transfer and the loan agreement for purchases of homes valued between RM300,001 and RM1 million by first-time homebuyers for six months, starting Jan 1.

This will be part of the National Home Ownership Campaign, where in return, developers will offer a minimum price discount of 10% for these residential properties.

Source: EdgeProp.my

The Penang government is still awaiting a report from the state secretary’s office over the lighting issue at an apartment building in Jelutong which allegedly portrayed the image of a “cross”.

Chief Minister Chow Kon Yeow said the residential project had yet to acquire a certificate of completion and compliance (CCC) and that the developer was currently testing the facilities, including the lighting system.

“We have yet to get an explanation from the developer on why the lights were lit up in such a manner, but in the next picture when more lights were switched on, it shows a normal view or facade.

“I believe this is not a place of worship or church, but an apartment building,” he told reporters after opening the “Evolve Final Year 2019” exhibition organised by KDU Penang University College here today.

However, he reminded all parties to respect the sensitivities of others.

Recently, the image of an apartment building in Jelutong which featured a huge cross sign made up of lights at the building caused displeasure among some residents in the nearby area.

It is understood that they have also lodged a police report on the matter.

Yesterday, Penang Mufti Wan Salim Wan Mohd Noor, in a statement, urged the local authorities to direct the developer of the housing project to change the position of the lights in the building so that they do not form the sign of a cross.

Chow said he did not feel it was something done deliberately to hurt people’s feelings, but rather described it as part of the “built environment” in the country.

A built environment refers to human-made surroundings that provide the setting for human activity, ranging in scale from buildings to parks.

Source: Free Malaysia Today

Muze, the first phase of residential offerings at Penang International Commercial City (PICC) integrated development by Hunza Group. This 43-acre development is strategically located within the vicinity of Bayan Baru township, just mere minutes drive away from Penang International Airport. It’s about 10 minutes walking distance to sPICE.

PICC is made up of a few components – Residentials, BPO Offices, a 5 Star Hotel, Hospital and a Shopping Mall. The first residential component, Muze, comprises two 58-storey towers featuring 846 residential units with 10 levels of car parking podium.

Project Name: Muze
Location: PICC, Bayan Baru, Penang
Property Type: Residential
Built-up Area: 1,050 sq.ft. onwards.
Indicative Price: RM800,000 onwards.
Total Units: 846
Estimated Completion: 2022
Developer: Hunza Properties Bhd.

Location Map:

SITE PROGRESS

SITE PROGRESS: Muze @ PICC (Jun 2022)

SITE PROGRESS: Muze @ PICC (Mar 2022)

SITE PROGRESS: Muze @ PICC (Nov 2021)

Proposed concept by SMU Kobay

Penangites will enjoy affordable homes in Batu Maung, near here, when the project slated to begin as early as next year, says Housing and Local Government Minister Zuraida Kamaruddin.

She said the affordable housing project was in the process of selecting developer through open tender.

“The land was previously owned by the Ministry of Agriculture, but all land conversion matters as well as other management matters related to the project will be implemented next year … now we are waiting for developers to start bidding for the project.

“The developer that can come up with a good concept design and good business model will be selected for this housing project,” she told reporters during a visit to the project site in Batu Maung, here today.

She said the construction of affordable homes on a 10 acres of land would be equipped with a variety of facilities including swimming pool, hall, parking bays that were suitable for economic growth.

“For the 10 acres of land, they are planning to build about 1,666 units, priced at RM150,000, RM200,000 and son on, and it will be equipped with good amenities such as swimming pool, football court, parking bays, hall and so on where everyone can share the facilities,” she said.

“It doesn’t really matter where are you from, you can buy this house for RM150,000 or RM300,000 or RM500,000 and you can still share this affordable house,” she said.

She said that there were more issues to be handled by the federal and the state governments in the near future, pertaining to the process of land conversion and documentation.

Project Location:

Source: Bernama

MTT Properties & Development Sdn Bhd is commencing the construction of its latest commercial development, Botanica CT Centre (BCC), in Balik Pulau.

This new commercial development in Botanica.CT will consist of an 80,000-square foot of first supermarket which is TF Value-Mart, first KFC drive-thru restaurant, and first Starbucks drive-thru in Balik Pulau as well as 22 units shop offices. The participation of these iconic brands will enhance BCC’s potential as the future commercial landmark of Balik Pulau while providing an attractive amenity to the surrounding residents. The first and second phase for the hypermarket and drive-thru restaurant will be completed in 12 months.

The double-storey shop offices will offer other retail options for this commercial precinct. It is expected to bring in retail businesses such as F&B outlets, beauty salons, convenient stores etc. The shop lots are estimated to be open for sale early this year.

The groundbreaking ceremony was officiated by Dato’ Hj. Ahmad Zakiyuddin Abdul Rahman, Penang Deputy Chief Minister I, representing Chow Kon Yeow Penang Chief Minister. Also present at the ceremony were Dato’ Seri Kenny Ong, Group Executive Chairman of MTT Group of Companies，Dato’ Seri Mohamed Azahari Mohamed Kamil, Managing Director of QSR Brands, Mr Sydney Quays Group CEO of Berjaya Food Berhad and Mr Ho Mun Hao Chief Executive Officer of TF Value-Mart.

Also attended were YB Dato’ Haji Abdul Halim Haji Hussain Penang State Exco for Domestic & International Trade, Consumer Affairs & Entrepreneurship Development, YB Haji Mohd Tuah Ismail Pulau Betong Assemblyman and YB Zolkifly Md Lazim Telok Bahang Assemblyman.

Strategically located at the intersection of Jalan Sungai Rusa and Jalan Sungai Air Putih. BCC is part of the Botanica.CT garden township located in Balik Pulau where existing completed developments consist of terrace houses, semi-detached houses, bungalows, Botanica Mansion and the Prince of Wales Island International School.

Find out more about Botanica CT Centre

About MTT Properties & Development Sdn. Bhd.
BOTANICA.CT is developed by MTT Properties & Development Sdn Bhd, a subsidiary of the MTT Group of Companies, MTT has a 50 year track record in stevedoring, barging, shipping, total logistics, international freight forwarding, customs brokerage and road transportation. In 2006, Dato’ Seri Kenny Ong, the Group Executive Chairman established MTT Properties & Development Sdn Bhd as part of MTT’s diversification in its business development.