Palma Residency, a gated and guarded scheme by Hong Hong Development Sdn. Bhd. (Tambun Indah Group) at Alma in Bukit Mertajam. It is strategically located along Jalan Impian Ria, adjacent to Taman Saujana Indah and Jesselton Hills housing scheme by DNP Land.

Just a mere minutes drive to AEON Mall and Tesco Alma. This development comprises 90 units of 2-storey terrace houses.

Project Name : Palma Residency
Location : Alma, Bukit Mertajam
Property Type : 2-storey terrace (Gated & guarded)
Total Units: 90
Built-up Area: 20′ x 40′
Land Area: 20′ x 60′
Indicative Price: RM538,000 onwards
Developer : Hong Hong Development Sdn. Bhd. (Tambun Indah Group)

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A road leading to a housing area in Tanjung Bungah collapsed early this morning due to continuous rain on the island since Friday.

Tanjung Bungah assemblyman Teh Yee Cheu when contacted said the incident occurred at a newly completed housing area built on a hillslope.

He said the location was not far from the landslide that killed 11 people last month.

Teh said a retaining wall that protected the road collapsed at 3am today.

“The hill is a water catchment area. Due to rain, underground water had caused the soil to become soft and unable to support the retaining wall.

“The mud from the landslide hit the basement parking area of a condominium next to it,” he said.

He added that he has yet to get full details of the incident but urged the authorities to explain why the housing project was approved.

“The Penang Island Municipal Council must explain. Luckily no one was injured,” he said.

Source: NST Online

Location:

The Penang State Government has envisioned Penang Arts District to be the creative hub of Penang’s contemporary arts and culture, as an initiative to catalyse the economic growth of the creative industry in Penang. With an existing dynamic arts scene in Penang that is growing as a contemporary cultural centre, PAD will enhance the value of Penang’s arts and culture by engaging artists, craftsmen, educators and the community at large through the activation of creative spaces with interactive art-related programmes.

Penang Arts District to be setup on a 9.2 acre development site off Gat Lebuh Macallum and Lebuhraya Tun Dr Lim Chong Eu. With approximately 100,000 sq.ft. build-up space mainly made up of shipping containers. The container concept and modular style to allow greater flexibility and opportunity for the space to evolve with time.

This project will cater to the single largest collection of art galleries, cultural museums, exhibition spaces, art and music studios, arts schools and workshops in Malaysia. It is expected to be ready for occupancy by 3rd quarter of 2019.

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A low-density mixed development by Asiamas Housing at Jelutong, Penang. Strategically located along Jalan Slim, just a stone’s throw away from Setia Sky Ville development scheme by S P Setia.  It is only mere minutes drive to various high schools, namely Heng Ee secondary school, Penang Free School and Han Chiang College.

The proposed development comprises 4 unit of 2-storey shop offices and a gated & guarded housing scheme with 22 unit of 3-storey terrace houses.

Project Name : Jelutong Residences
Location : Jelutong, Penang
Property Type : Residential & shop offices
Built-up Area: (to be confirmed)
Total Units: 22 (3-storey terrace), 4 (2-storey shop office)
Indicative Price: (to be confirmed)
Developer : Asiamas Housing Sdn. Bhd.

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For housing, the following was announced in Budget 2018 to ease home ownership in Malaysia:

1. The Government will continue to intensify efforts to increase home-ownership for the rakyat with an allocation of RM2.2 billion as follows:

• 17,300 units of People’s Housing Programme;econd: 3,000 units of People’s Friendly Home under SPNB;
• 210,000 units of houses under PR1MA with prices RM250,000 and below. For this, RM1.5 billion is allocation for the period of two years;
• 25,000 units of 1Malaysia Civil Servants Housing Programme (PPA1M) will be completed in 2018 while another 128,000 units are at various stages of construction;
• 600 units of MyBeautiful New Homes (MyBNHomes) scheme for B40 households in Terengganu, Pahang, Melaka, Johor, Sabah and Sarawak as well as Orang Asli settlements;
• 2,000 units under MyDeposit programme to assist down payments as well as MyHomes programme to enable developers to provide more affordable homes; and
•  A sum of RM200 million is allocated for maintenance and refurbishment of houses, including the 1Malaysia Maintenance Fund.

2. To encourage the construction of more affordable homes, the step-up financing scheme introduced by PR1MA will be extended to private housing developers subject to certain criteria.

3. With regard to abandoned housing projects, stamp duty exemption for loan agreements and letter of consent to transfer, are given to rescuing contractors and original owners of abandoned projects, effective 1 January 2018 to 31 December 2020.

4. To promote rental of residential homes, for the first time in 60 years, the Government proposes a 50% tax exemption on rental income received by resident individuals not exceeding RM2,000 per month for resident individuals.

5. This exemption is effective from the year of assessment of 2018 to 2020. The Government will also formulate the Residential Rental Act to protect the landlord and tenant.

Source: TheStar.com.my