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AFFORDABLE

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It is mission possible

It took a long time for the Penang Government to start building homes under its affordable housing scheme as it had to save money for the projects, said Chief Minister Lim Guan Eng. He said the state had allocated RM500mil which was generated from the sale of 41.5ha of land ... Read More
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Ramah Pavilion

Ramah Pavilion, an affordable housing development by M Summit Group in Teluk Kumbar, Penang. It is located next to Puspakom Teluk Kumbar, a mere minutes drive from Teluk Kumbar town center via Jalan Teluk Kumbar. This development comprises 759 affordable units in two blocks of 36 & 38-storey building. It will also comes with ... Read More
Call for more private developers to help build affordable homes

Call for more private developers to help build affordable homes

The state government wants more private developers to come on board to build affordable housing units. Penang Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said that with 22,500 affordable units to be built over the next 10 years, private developers should grab the opportunity to be part ... Read More
51,000 apply for affordable housing

51,000 apply for affordable housing

A total of 51,238 people have applied for the low-cost, low medium-cost (LMC) and affordable housing units in Penang to date, said state Town, Country and Housing Committee chairman Jagdeep Singh Deo. Jagdeep said 24,399 people applied for low-cost units, 23,582 for LMC and 3,257 for affordable units. “The deserving ... Read More
"Mission: Home-Possible" Roadshow Kick Off - 23 Ogos

“Mission: Home-Possible” Roadshow Kick Off – 23 Ogos

The Penang State government has as its top priority, the provision of affordable housing for first time Penangite house-buyers. Towards this end, and recognising that property prices in Penang have risen in the past few years, no doubt, as a result of Penang being very attractive having regards to it ... Read More
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i-Santorini @ Tanjung Pinang

i-Santorini, an affordable housing development by Ideal Property Group in Tanjung Tokong, Penang. The piece of land which was previously planned for a 988-units condominium project is now being re-purposed for affordable housing. The new development plan comprises two parcels: Parcel 1: 2 blocks of 48-storey residential towers (1,320 units) ... Read More
Housebuyers cautioned against syndicate collecting deposits

Housebuyers cautioned against syndicate collecting deposits

Housebuyers here need to be more cautious not to fall victim to a syndicate which is going around securing payments for units at an affordable housing project developed by the state. Penang Town, Country and Housing Committee chairman Jagdeep Singh Deo said there were claims that the syndicate was promising ... Read More
Developers want incentives too

Developers want incentives too

The state government should look into allowing special privileges for developers involved in affordable projects to pay preferential premium and levies to the state authorities. Raine & Horne Malaysia senior partner Michael Geh said this would further enhance the smooth delivery of affordable housing projects in the state. “There will ... Read More
No such thing as shortcuts to affordable housing

No such thing as shortcuts to affordable housing

Recently a syndicate 'guaranteeing' applicants and home buyers of affordable housing by asking for monetary compensation of RM10,000 to RM30,000 has caught the attention of developers and the state government. Aspen Group has received multiple complaints from the public that they have received phone calls from a syndicate demanding a ... Read More
More units in the offing

More units in the offing

THE Penang Development Corporation (PDC) is holding a Request For Proposal (RFP) for a joint development project on a 1.7ha plot at the Sandilands foreshore in Jalan C.Y. Choy. The project will comprise medium-cost apartments, low medium- cost flats and related commercial facilities. PDC was appointed by Chief Minister Incorporated ... Read More