A newly proposed affordable housing develoment by Ideal Homes Properties Sdn. Bhd. at Balik Pulau, Penang. It is located near the west coast of Penang Island, adjacent to Prestige III housing scheme by PLB Homes. Driving to Balik Pulau town centre will take approximately 10 minutes, under 35 minutes to Bayan Lepas Free Trade Zone during off peak hours.

This development comprises 4 low cost apartment blocks, offering a total of 1,175 residential units with standard built-up size of 650 sq.ft.

This is still pending for approval. More details to be available upon project launch.

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 : Balik Pulau
Property Type : Affordable Housing (low cost)
Built-up Size: 650 sq.ft.
Total Units: 1,175
Indicative Price: RM72,500
Developer : Ideal Homes Properties Sdn. Bhd.

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Desa Ara Permai, a freehold mixed development by Kuntum Bina Sdn. Bhd. (a subsidiary of Oriental Max Group) at Ara Kuda in Northern Seberang Perai.  Located along Jalan Ara Kuda, adjacent to MARA Institute (IKM). It is only 1km away from Penang-Kedah border, about 13km to Kulim Hi-tech Park, and less than 25 minutes drive to Penang bridge.

This development comprises a mix of shop offices and residential units:

• 2-storey shop office (56 units)
• Single storey semi-detached – (Type A – 72 units)
• Single storey semi-detached – (Type B – 76 units)
• Single storey bungalow (1 unit)
• Single storey terrace (Type A – 155 units)
• Single storey terrace (Type B – 127 units)
• Single storey terrace (Type C – 60 units)
• Single storey terrace (Type D – 121 units)
• Single storey terrace (Type E – 40 units)
• 4-storey low cost flat (264 units)

More details to be available upon official launch.

Project Name : Desa Ara Permai
Location : Ara Kuda, SPU
Property Type : Shop office, terrace, semi-d & bungalows
Total Units: 56 (shop office), 651 (landed house), 264 (low cost flat)
Land Tenure: Freehold
Target Completion: (to be confirmed)
Indicative Price: (to be confirmed)
Developer : Kuntum Bina Sdn. Bhd. (Oriental Max Group)

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The state government will ensure that development in each district is enjoyed by the people, said Chief Minister Chow Kon Yeow.

Chow said for that purpose, he suggested that a special master plan for each district be developed especially the southwest district.

According to him, the state government does not have a special master plan for the southwest district over the past 10 years, which is seen as somewhat marginalised.

“Perhaps the time has come that the state government together with the Penang Island City Council (MBPP) as the local authority, the southwest district and land office and all agencies start a development masterplan here (southwest district).

“This way alone, we can realise the potential of the southwest district that can be further developed for the well-being of the local people,” he said during a special visit to the southwest district and land office near Balik Pulau recently.

Chow, who is also Tanjong MP and Padang Kota assemblyman, said he will follow-up at the state level by highlighting relevant proposals to the state executive council for discussion and review.

“Not only that, the state government is also planning to implement a state development plan for the next five to 10 years,” he added.

Source: TheStar.com.my

A proposed low density residential development by Urban Hue Development Sdn. Bhd. at Tanjung Tokong. Located along Jalan Bunga Hinai, right opposite of Desa Bella Apartment. It is only just a mere minutes drive to Straits Quay Marina Mall at Seri Tanjung Pinang, and walking distance to Hun Bin Primary School.

This development will see the demolition of the existing bungalows, for the construction of 22 units 5-storey town house (including an underground level).

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

*Last Update: Oct 2018* 

Project Name : (to be cofirmed)
Location : Tanjung Tokong
Property Type : Town house
Built-up Size: (to be confirmed)
Total Units: 22
Indicative Price: (to be confirmed)
Developer : Urban Hue Development Sdn. Bhd.

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Penang government is planning to re-introduce the Rent-to-Own (RTO) scheme to assist the low income group to own houses in the state.

Chief Minister Chow Kon Yeow said the matter has been raised in the first state executive council’s meeting recently and three housing projects have been identified as “suitable” for the RTO conversion.

He said there were cases of people still unable to afford houses sold at RM42,000 and RM72,500 under the low cost and low-medium cost categories respectively.

“We want to take a new approach (to address this) and we are looking at the RTO scheme.

“For instance, tenants can pay their rentals, say between 20 and 25 years, and that will be taken into account as installment payment before owning the house.

“However, they must pay the rentals promptly during the period,” he said during a working visit to the Penang Island City Council (MBPP) flats in Lebuh Ah Quee here today.

Asked about the projects under the RTO scheme, Chow said one of them was located at Mak Mandin, on the mainland.

He said the state housing department would outline the criteria and mechanism to implement the RTO scheme.

Chow said the units to be offered under the RTO scheme would be projects implemented under the purview of state housing department and Penang Development Corporation (PDC).

“Once the new policy has been implemented, the state government will assist with the conversion process.

“If developers can sell us the units at cost price, then the state will be able to offer it to the people under the (RTO scheme) policy,” said Chow.

On his visit, Chow said the council was planning to replace the roofs of the two blocks of flats there costing about RM500,000.

Source: NST Online