An upcoming affordable housing development in Penang mainland by Excel Focus Properties Sdn. Bhd. Strategically located within the established township of Seberang Jaya, only about 500 meters away from Butterworth-Kulim Expressway. Neighboring communities include Taman Naluri, Taman Naluri Ria and Taman Janggus Jaya.

The proposed development will offers 2 blocks of 34-storey condominium with 1,017 affordable units.

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

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

Project Name : (to be confirmed)
Location : Seberang Jaya, Penang
Property Type : Affordable housing
Total Units: 1,017
Built-up Area: (to be confirmed)
Indicative Price: Below RM250,000
Developer : Excel Focus Properties Sdn. Bhd.

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The Penang Is­­land City Council (MBPP) is going ahead with the road widening pro­ject in Jalan Masjid Negeri, requiring 16 trees to be transplanted elsewhere by end of next month.

Its traffic engineer Zainuddin Mohamad Shariff said the contractor assigned to transplant the trees had been asked to file the method of statement before any transplanting could commence.

“The statement will explain the method to be taken when transplanting the trees.

“It will then be reviewed by the Forest Research Institute Malay­sia and the project should start next month,” he said.

MBPP arborist Azizul Fahmi Muhamad said the trees would be relocated to a nearby residential area off Jalan Masjid Negeri.

It was reported that the construction cost for the 1.8km road widening project along Jalan Mas­jid Negeri is RM7.85mil and the land acquisition cost RM11mil.

The project will involve the Jalan Scotland-bound stretch start­­ing from the Lorong Batu Lanchang-Jalan Masjid Negeri junction to the Ja­­­lan Air Itam-Jalan Masjid Negeri junction.

Source: TheStar.com.my

In Malaysia, there are an overwhelming number of new home owners. According to the survey, among the top 5 reasons on why people invest in properties are to get higher yields on rentals (56%), for good capital appreciation (55%), for retirement planning (46%), for a better environment (46%) and to own a house due to affordable pricing (36%).

Amongst home buyers, location is the most important criteria when considering a home and Klang Valley is becoming the most favoured place to own a home. Almost 55% of the participant already living in the area, with 70% of the participants are looking forward to acquire properties there.

Excessive pricing of properties is the number one deterrent for purchasing property in Malaysia amongst potential buyers. Besides that poor economic performance, the rapid increase of property prices, unpredictable real estate market and touch approval process of bank loan applications are holding back buyers to purchase a property.

There has also been a steady decline in the “overseas property sentiments” and increased interest for commercial properties.

Infographic by PropertyGuru.com.my

The Betong Orchard, a small residential development by Ken Link Capital Development in Balik Pulau. Comprises eight units of 3-storey semi-detached houses with build-up area starting from 2,700 sq.ft. onward.

This development is located along Jalan Pulau Betong, right opposite the police station.

Project Name: The Betong Orchard
Location : Balik Pulau, Penang
Property Type : 3-Storey Semi-Detached
Total Units: 8
Built-up Area: 2,700 sq.ft.
Tenure : Freehold
Indicative Price: RM900,000 onward
Developer : Ken Link Capital Development

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The Retreat Condominium, a high-rise development by Techware Enterprise Sdn. Bhd. at Bukit Mertajam. It is strategically located Off Jalan Indah, just a mere minutes drive away from Maju Jaya Business Center.

This development offers a 27-storey residential tower with 112 condominium units. Indicative price starts from RM478,000 onward.

Property Project : The Retreat Condominium
Location : Bukit Mertajam
Property Type : Condominium
Tenure : Freehold
Built-up Area: 1,237 sq.ft. – 1,475 sq.ft.
Total Units : 110
Indicative Price: RM478,000 (condo) onward
Last Update: May 2019
Developer : Techware Enterprise Sdn. Bhd.

Location Map: