Penang restructures affordable housing

Penang government today announced the rebranding of low-cost and medium-cost houses to affordable housing types A and B. With the rebranding, low-cost houses costing RM42,000 each will now be known as affordable housing type A and low medium-cost houses priced at RM72,500, as affordable housing type B. State Housing, Town ... Read More

Tri Pinnacle vs i-Santorini

Affordable housing is no longer a new topic for potential home buyers. So many yet it could be so few that is suitable. Today, let's take a stroll into comparing the two most popular affordable housing projects in the north east district of Penang Island. Both projects are located within ... Read More

Ideal United Bintang plans to stick to affordable housing in next two years

Penang-based property player Ideal United Bintang Bhd (IUBB) plans to stick to affordable housing projects in the next two years, given the slowdown in the economy and property sector in the country. IUBB's executive chairman Datuk Alex Ooi Kee Liang said at present, the group will be concentrating on its ... Read More

Affordable housing open to all in Penang

The Penang government has relaxed the ownership eligibility for affordable housing in the state. State Housing Committee chairman Jagdeep Singh said 30% of the units in an all-affordable housing project can be purchased on the open market without government vetting. He however said these units were priced 10% higher while ... Read More

Tri Pinnacle show unit with IKEA furnishing is now open!

The first privately initiated Affordable Home Project by Aspen Group in collaboration with the Penang State Government, Tri Pinnacle, has opened its show unit on 21 November. Eligible buyers as well as those who are interested to experience how it truly feels to live in a unit at Tri Pinnacle ... Read More
APDL for Affordable Housing in Penang

APDL for Affordable Housing Projects in Penang

APDL (Advertising Permit & Developer's License) approval has been a hot topic in Penang's housing industry over the last couple of months.  The delay in approval not only is a challenge for developers, it is also a depressing experience for the first time home buyers. So, to shed some light on the issue, here is a list ... Read More

First Time Home Buyers 101

Buying your first home is never an easy decision. Not only it is most people’s biggest financial commitment, it can also be time-consuming and frustrating. One of the most common question asked by first time home buyer is when will be the best time to buy a property in Penang ... Read More

Penang Chinese Chamber Says Willing To Build RM150,000 Affordable Houses

The Penang Chinese Chamber of Commerce (PCCC) says it is willing to build the proposed new category of affordable housing units if the state government gives sufficient incentives. Datuk Finn Choong Khuat Seng, convenor of the chamber's Property Development Construction and Management Committee (PDCMC), said the committee lauds the recent ... Read More

20 Most Active Projects in Penang (October 2015)

If you ever wonder how well are the affordable housings doing in Penang, take a few minutes going through the chart below. These are the top 20 most active projects in Penang, based on the total number of project page views we have received in October 2015. With the introduction of new measures ... Read More

AFFORDABLE: Bukit Mertajam / Villa Acres Development S.B.

A newly proposed affordable housing project by Villa Acres Development Sdn. Bhd. at Bukit Mertajam, Penang. If approved, this will be one of the very strategic affordable housing location in the mainland that I have known so far. It is strategically located along Jalan Betek, easily accessible via the ever ... Read More