Prime Minister Datuk Seri Najib Razak Thursday announced the implementation of the First Home Financing Scheme (MyDeposit) as tabled in the 2016 Budget. He said the scheme was implemented to help the middle 40 per cent income bracket (M40) with household incomes of between RM3,000 and RM10,000. "(This scheme involves) ... Read More

The Zen, mixed development by Asia Green at Bayan Mutiara. It is located next to Tun Dr. Lim Chong Eu Expressway, just a short drive away from the ongoing Penang World City township development by Tropicana Ivory. This development will see the construction of a 46-storey skyscrapper with two residential towers, and shop offices ... Read More

Iconic Vue, an affordable housing by Iconic Land Sdn. Bhd. at Batu Ferringhi, Penang. Strategically located along Lorong Sungai Emas, only about five minutes walking distance from Golden Sand Resort. It is surrounded by many local amenities such as schools, petrol stations, police stations & F&B outlets, This development comprises a 26-storey condominium with ... Read More

Villa Acres Residence, a 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. It is strategically located along Jalan Betek, easily accessible via the ever bustling Jalan Song Ban ... Read More

QuayWest Residence, a freehold residential development located next to Penang World City in Bayan Mutiara, Penang. This development comprises 1,235 condominium units in two 24-storey towers, 253 units of which are categorized under affordable housing. The affordable category is now SOLD OUT. Smallest unit starts from 728 sq.ft., with an indicative price from RM 200,000 onward ... Read More

Potential first-time home buyers will have a chance to own affordable homes in environmental friendly surroundings through the Berjaya Land Berhad (BLand) Jesselton Villas project near to Penang Turf Club. Berjaya Land Bhd (BLand) executive director Eason Phan said the company was looking forward to build the 500 units of ... Read More

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

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

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

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