GEORGE TOWN: The dream of middle-income group earners in Penang to own a home will come true in three years, thanks to Prime Minister Datuk Seri Najib Razak and the 1Malaysia People’s Housing Scheme (PR1MA).

Najib is expected to announce several projects for Penang to address the housing shortage in the state during his visit here today at the Jelajah Janji DiTepati carnival at Universiti Sains Malaysia’s (USM) main campus here.

He is also expected to launch the registration exercise for the PR1MA project nationwide, after which online applications can also be made. PR1MA chief executive officer Datuk Abdul Mutalib Alias told a media briefing here yesterday
that the affordable housing project would cover several plots of federal land in Bukit Gelugor.

He said the site, which currently had upscale property developments around it, would see several high-rise units complete with amenities ranging from a day-care centre, open spaces, easy access for public transport and a commercial component.

“The units are expected to be tagged lower than the market price of similar properties in Penang. It’s going to take many by surprise when the prime minister announces the price of the units, considering that similar properties by private developers in the vicinity are between RM500,000 and RM600,000,”he said, adding that it would take 36 months for the project to be completed.

Mutalib also said there would be no quota for Bumiputera buyers as the proposed units were being offered at below market price.

He added that PR1MA had identified seven more locations on Penang island and Seberang Prai for future affordable housing projects.

“We will carry out these projects either via partnerships with other federal agencies or enter into joint ventures with private companies,” he added, saying that PR1MA is discussing with Penang Regional Development Authority and JKP Sdn Bhd.

“We are anticipating a huge demand and the take-up rate may end up being oversubscribed as they do with blue-chip shares,” he said, adding PR1MA was looking to engage with developers to make their properties more affordable.

Illustration of the concept design:

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More details available at PR1MA Berhad Official Website

News Source: New Straits Times

PETALING JAYA: The online registration for 80,000 affordable homes to be built in 50 cities and towns under the Perumahan Rakyat 1Malaysia (PR1MA) will be officially launched in Penang on Saturday.

Qualified applicants will be able to take part in the balloting of the houses which will be built at the cost of about RM10bil over the next three years.

“People in Penang will be the first to register and benefit from the Government’s affordable urban housing programme,” PR1MA Berhad’schief executive officer Datuk Mutalib Alias told a media briefing yesterday.

He said work on the 333ha PR1MA Seremban project was expected to begin early next year while parcels of urban land in Kuala Lumpur, Selangor, Penang, Johor, Malacca, Sabah and Sarawak had been identified for the project.

“PR1MA will develop 50,000 homes while the additional 30,000 would be built through collaboration with established private developers.

“We will provide affordable units to meet the needs of urban dwellers,” he said.

Mutalib said individuals and married couples with a monthly collective household income of between RM2,500 and RM7,500 a month were eligible to register for PR1MA homes.

Landed and high-rise properties are priced between RM100,000 and RM400,000.

He said PR1MA adopted a flexible definition of eligible household income so family members who qualified could also register individually.

Applicants must be Malaysians aged above 21 and who do not own more than one home and are working or living in the area where the project is being developed.

Mutalib said applicants could list five areas of choice of locations, adding that they would be alerted of PR1MA projects coming up for balloting via e-mail or SMS.

“An open registration system will be used for PR1MA under which anyone eligible can apply. Balloting for the homes will be independently audited and done in a transparent manner.

He said the PR1MA Act 2012, to come into force on Jan 1, would ensure the fast-track implementation of PR1MA housing projects.

The Act would pave the way for the formation of the PR1MA Advisory Council chaired by the Prime Minister while the Approval Implementation Committee would ease red tape.

Based on a survey carried out in 2009, more than 850,000 people with income of between RM2,500 and RM7,500 a month had not bought their own homes while 1.6 mil of those in the income bracket were home owners.

About 60% of the demand for affordable homes was from Kuala Lumpur, Selangor, Johor, Penang, Pahang and Sabah and Sarawak.

Source: The Star

BLT Park, strategically located next to Tesco hypermarket in Alma, Bukit Mertajam. This development comprises 2-storey semi-detached and detached light industrial factories with built-up area ranging from 4,800 sq.ft. onwards. Each unit comes with modern facade and large glass windows which are ideal for displays purposes.

2-storey Detached
Land Area: 15,000 sq. ft. and above
Built Up Area: 8,100 sq. ft.
Factory Building Size: 60 ft. x 100 ft.

2-storey Semi-detached (Type A)
Land Area: 8,300 sq. ft. and above
Built Up Area: 4,800 sq. ft.
Factory Building Size: 40 ft. x 90 ft.

2-storey Semi-detached (Type B)
Land Area: 14,000 sq. ft. and above
Built Up Area: 4,800 sq. ft.
Factory Building Size: 90 ft.x 40 ft.

Property Project : BLT Park (Alma Light Industrial Park)
Location : Alma, Bukit Mertajam, Penang
Property Type : Industrial factory
Tenure : Freehold
Indicative Price: RM 1,688,000 onwards
Contact No: 017-562 4899 / 017-479 5899
Developer : DSG Development Sdn. Bhd.

Location Map:

Progress update by developer – 19/04/2014

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Progress update by developer – 31/05/2014

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Progress update by developer – 10/07/2014

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Progress update by developer – 22/09/2014

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THE Penang Municipal Council plans to convert Persiaran Minden 1, Persiaran Minden 2 and part of Persiaran Minden 3 in Gelugor into one-way streets.

Under the proposal, the one-way traffic on Persiaran Minden 1 would be from Lorong Changkat Minden 14 towards Persiaran Minden 2.

For Persiaran Minden 2, the one-way traffic flow proposed is from Persiaran Minden 1 towards Persiaran Minden 3. On Persiaran Minden 3, the proposed flow is from Persiaran Minden 2 towards Lorong Changkat Minden 14.

The conversion was to ensure smoother traffic flow and reduce congestion, a press statement issued recently by the council’s public relations office said.

The council is now gathering feedback for the proposal and is inviting the public to give their views by calling the council at 04-2592202 or 04-2592205 or email to zainuddin@mppp.gov.my before Dec 16. Enquiries can also be made at the same phone numbers and email.

MPPP would taking into consideration feedback received before making on the proposal.

Source: The Star

Mont Tierra Residences, strategically located within the established township of Sungai Ara, Penang. Comprises 44 units of 3-storey terrace houses with typical land area of 20 ft. x 70 ft. Each unit comes with 5 bedrooms and double volume ceiling at dining area.

Property Project : Mont Tierra Residences
Location : Sungai Ara, Penang
Property Type : 3-Storey Terrace
Tenure : Freehold
Total Units : 44
Land Area: 1,400 sq. ft. onwards
Developer : Solid Gold Network Sdn. Bhd.
Indicative Price: RM 950,000 onwards