Taman Skyridge, an ongoing affordable housing development by OHM Group at Tanjung Tokong. It is located off Lebuh Halia, right next to Skyridge Garden. Other neighboring communities include The Peak Residence, The Latitude, Taman Mount Erskine, Mont Residence (under construction) and Tri Pinnacle (under construction).

This development comprises a 35-storey building, offering 123 affordable units with indicative price ranges from RM200,000 onwards.

Facilities (~80,000 sq.ft.):

• Basketball court, Indoor table tennis, Gymnasium
• Landscape garden, Garden lounge, Lounge, Viewing deck
• Study area, Function area, Conference room, Multi purpose hall
• Children’s playroom, Dancing room, BBQ deck

READ MORE ABOUT AFFORDABLE HOUSING:

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

Project Name : Taman Skyridge
Location : Mount Erskine, Tanjung Tokong, Penang
Property Type : Affordable housing
Built-up Area: 750 sq.ft. & 850 sq.ft.
Total Units: 123 (affordable housing), 183 (LMC)
Land Tenure: Freehold
Indicative Price: RM200,000 onwards (affordable housing)
Developer : OHM Group

Location Map:

In a move to facilitate loan transactions between first-time house buyers and banking institutions, the government is expected to announce a new scheme during the tabling of the 2017 Budget.

Second Finance Minister, Datuk Johari Abdul Ghani said his ministry is currently collaborating with Bank Negara, Malayan Banking Bhd (Maybank), the CIMB Group, RHB Bank Bhd and the AmBank Group to study the best mechanism in implementing the scheme.

Johari said the scheme is aimed at helping first-time house buyers, especially young graduates, or those who have just started work, to get a full loan for the purchase of houses priced below RM300,000.

“Sometimes, the government would provide a deposit of RM30,000 (under the MyDeposit Scheme, First House Deposit Financing Scheme) for houses priced RM300,000, but the applicants still need to borrow RM270,000 whereas banks can only give a loan of RM200,000 according to their monthly wage. Thus, this is where we come in to help.

“The scheme is expected to be announced by Prime Minister Datuk Seri Najib Tun Razak when tabling the budget,” he told reporters during a media conference after the launching ceremony of the ‘Rumah Mesra Rakyat’ (RMR) Online system for the ‘Rumah Mesra Rakyat 1Malaysia'(RMR1M) programme, here today.

Also present was Syarikat Perumahan Negara Berhad (SPNB) chairman, Datuk Dr Abd Latiff Ahmad.

Johari said SPNB had currently completed 36,013 units of RMR1M houses, while another 1,921 units were still under construction and 254 were in the process of agreement documentation.

During the event, SPNB launched a new system, the RMR Online system as an alternative to help applicants to apply and check on their status as well as to complete the documentation required.

Find out the full list of affordable housing in Penang

Source: Bernama

QuayWest Residence, a luxury residential development by Asia Green Group, located next to Penang World City at Bayan Mutiara. It sits on a 7.4 acres land with a sea frontage and a view of Pulau Jerejak. In addition to the attractive photos that you may have seen, be amazed with this exclusive aerial video taken from the actual site. (Available in Full HD)

Click here to find out more about this project and the exclusive package with FREE GIFT for our readers.

Project Location:

One Tree Hill Residence, a small residential development by GTM Group at Teluk Kumbar. Located to Desa Pantai Indah in Sungai Batu. This development consists of 13 units of 3-storey terrace and 4 units of 3-storey semi-detached houses.

Project Name : One Tree Hill Residence
Location : Teluk Kumbar, Penang
Property Type : Terrace & semi-detached
Total Unit: 13 (terrace), 4 (semi-d)
Built-up Area: (to be confirmed)
Indicative Price: RM980,000 onward
Developer: GTM Group

Location Map:

Young professionals coveting the cosmopolitan lifestyle at Penang’s most desirable address can now see their dream realised.

The Seri Tanjung Pinang lifestyle as created by E&O is one that is coveted by Malaysians and foreigners alike, property investors or just regular folks looking for a superb environment to live in. Presenting an opportunity for this aspiration to come true, E&O launched its first executive apartments, called The Tamarind.

The Tamarind is sited on a 7-acre freehold parcel of land located within Seri Tanjung Pinang Phase 1, 5 minutes walking distance to the 4-acre Straits Green public park, Tesco and Straits Quay.

The Tamarind’s largest typical unit size of a three bedrooms and two bathrooms measures at 1,372 square feet and is competitively priced at a net selling price from RM884,000 upwards. The Tamarind features two blocks of 33 storeys comprising 1,104 units in total.

Artist’s impression of type A unit – 1,372 sq ft

As in other signature developments by E&O, what sets The Tamarind apart is the design of its unique facilities for residents which includes a private 1-acre waterscape of beach and freeform swimming and wading pools for the residents to enjoy.

Artist’s impression of the Waterscape

E&O is delighted to introduce its first executive apartment project that is in line with E&O’s brand strategy of developing properties that are premier in every segment. The Tamarind is an ideal home for executives with young families living and working in Penang. It is superbly situated within the 240-acre Seri Tanjung Pinang development, a premier and highly sought after residential address, now a vibrant community which is home to over 2,000 families of more than 20 nationalities.

Since Seri Tanjung Pinang’s maiden launch of courtyard terrace homes to pioneer purchasers in 2005, E&O continues to build on its proven track record of delivering innovative concepts to meet the aspirational needs of discerning individuals.

Please visit the STP Sales Gallery to find out the attractive packages offered and to collect your special gift from 8 to 15 September 2016, in conjunction with the Mid-Autumn Festival.

The Sales Gallery & Show Units, Seri Tanjung Pinang, Tanjung Tokong, 10470 Penang.
Tel: 04 890 9999

Website: www.thetamarindpenang.com