The proceeds from the contributions of developers exempted from building affordable housing will be used for low cost and low medium cost housing projects in the state.

State Houisng, Town and Country Planning and Housing Committee chairman Jagdeep Singh Deo (pix) said the funds would be used for projects in Seberang Perai that were identified to replace units which were not being built by developers in their development projects.

“Local developers on the island have to pay a contribution of RM120,000 per unit while those outside Penang need to pay RM150,000 per unit.

“The same rates also applied to both local and foreign developers at RM72,500 for each unit for development in Seberang Perai Utara and Seberang Perai Tengah,” he said when winding up the debate on the Penang 2017 Budget for his committee at the state Legislative Assembly sitting here today.

He said since 2012, this policy was introduced to address the land constrains faced by developers to build low cost and low medium cost houses for which developers had to pay contributions based on formulated calculations.

At the sitting on Tursday, opposition leader Datuk Jahara Hamid, when debating on the 2017 Budget, queried the status of the Low Cost Public Housing Trust Fund and wanted to know if donations collected would be spent by the state government to build low cost houses.

Jahara said the policy had resulted in an imbalance between low cost house application and supply of houses by developers.

Jagdeep said up to October 2016 the payment of contributions received amounted to RM124.38 million for 17 projects on the island and three in Seberang Perai.

Source: Bernama

Map shows approximate location only

This is a newly proposed development by Jayamas Pintar Sdn. Bhd. at Batu Maung. Initial information shows that it is located within the vicinity of Southbay City by Mah Sing Group, but the exact location is yet to be confirmed.

The proposed development will see the construction of a 42-storey commercial buiding, offering a mix of hotel rooms and office suites. Recreation area for the office suites will be located at level 11 while the hotel facilities and swimming pool will be located at the rooftop.

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

Property Project : (to be confirmed)
Location : Batu Maung, Penang
Property Type : Hotel & commercial suites
Built-up Area: (to be confirmed)
Total Units: 384 (commercial suites)
Indicative Price: (to be confirmed)
Developer: Jayamas Pintar Sdn. Bhd.

Location Map:

Another proposed affordable housing by Patsifit Construction Sdn. Bhd. at Paya Terubong. It is located adjacent to Bukit Awana Condominium, accessible via Tingkat Paya Terubong 2. This development will feature a 22-storey residential building, comprises 205 affordable units with standard unit size of 850 sq.ft.

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

READ MORE ABOUT AFFORDABLE HOUSING:

• Eligibility and the requirement of buying affordable housing
• Full list of affordable housing in Penang

Property Project : (to be confirmed)
Location : Paya Terubong, Penang
Property Type : Affordable Housing
Built-up Area: 850 sq.ft.
Total Units: 205
Indicative Price: RM280,000 onwards (to be confirmed)
Developer: Patsifit Construction Sdn. Bhd.

Location Map:

Eastern and Oriental Berhad (E&O) treated some 150 of its loyal customers to an exclusive preview of its new Amaris Terraces By-The-Sea in Penang.

Guests were first briefed on the project at the E&O Sales Gallery in Seri Tanjung Pinang before being whisked away for a tour of the impressive show unit.

After checking out the well-appointed interiors, they were feted to an afternoon tea prepared by E&O Hotel’s 1885 fine dining restaurant.

E&O head of marketing and sales (Penang) Christina Lau said the Amaris Terraces were among the last landed properties in the award-winning Seri Tanjung Pinang masterplanned seafront development.

Sited on a 2.1-acre freehold parcel, it consists of 29 units of three-storey terrace homes with an estimated gross development value of RM122mil.

Set for completion by the end of next year, their spacious built up areas range from 5,262sq ft for the intermediate units, up to 6,056sq ft for the corner ones.

Their ample living spaces encompass five bedrooms, one maid’s room, five en suite bathrooms, one powder room and one maid’s bathroom. Each home comes with a courtyard and private lift.

Lau highlighted the location as one of the strong points of the project.

She said the response during the recent three-day preview was promising.

Find out more about Amaris Terraces By-The-Sea

“We are targeting our loyal followers, especially repeat buyers of our past projects and those with extended families seeking to upgrade their residential units.

“Seri Tanjung Pinang is among Penang’s most sought-after addresses given its prime location with ample amenities nearby, backed by the promise of E&O’s established brand and proven track record,” she added.

Priced from RM3.78mil onwards, the homes are within walking distance to Straits Quay and Straits Green.

Straits Quay is the state’s first seafront retail marina, with around 200,000sq ft of retail space offering an array of dining options, retail shops and lifestyle indulgences.

Straits Green is a 4-acre public park launched in 2013.

It is equipped with waterplay features, running tracks and a playground.

There is also a composting site where nearby communities can learn how to grow food the healthy and natural way.

Just next to this is the Tesco hypermarket where one can find all their daily needs.

Amaris residents can also enjoy leisurely strolls along the wide seafront promenade that stretches from one end of Seri Tanjung Pinang to Straits Green.

Register your interest with us to enjoy exclusive discount and get a FREE Tag Heuer with your purchase

Actual site video:

Source: TheStar.com.my

Penang’s latest track of outlet stores will be opening in just under five days at Batu Kawan. The Design Village, also known as Penang Premium Outlets, will house dozens of luxury brands on a 28 acres of land.

The outlet mall will be opening on 23 November @ 6PM. Here is the complete list of brands opening in new mall and most of them will open on 23 Nov, while some will open within the next two months.

That’s not all, there are more brands under negotiation and will be joining the mall in 2017.

* Find out more about Design Village *

* Residential Suites @ Utropolis (Next to Design Village)
Launching soon…REGISTER YOUR INTEREST HERE *