affordable

AFFORDABLE

5 Most Popular Affordable Housing Projects in 2016

Affordable housing is one of the hottest topics in Penang property market these days. As of today, Penang has more than 38 affordable housing projects proposed, 16 out of which are opened for application and registration. The chart below shows the 5 most popular affordable housing projects in Penang, based on the ... Read More

Mahsuri Square

Mahsuri Square, yet another proposed affordable housing at the South West district of Penang Island. It is strategically located within the established township of Bayan Baru, along Jalan Mayang Pasir. This development will see two blocks of 29 & 26-storey buildings, offering a mix of affordable and low medium cost ... Read More

Affordable homes to be completed soon

The Bandar Cassia affordable housing project in Batu Kawan, Nibong Tebal, is already 77% completed to date. Penang Town, Housing and Country Planning Committee chairman Jagdeep Singh Deo said Phase One of the project featuring 520 low medium-cost and medium-cost units was ahead of schedule and the units would be ... Read More

Taman Skyridge

Taman Skyridge, an ongoing affordable housing development by OHM Group at Tanjung Tokong. It is located off Lebuh Halia, right next to Skyridge Garden. Other neighboring communities include The Peak Residence, The Latitude, Taman Mount Erskine, Mont Residence (under construction) and Tri Pinnacle (under construction). This development comprises a 35-storey ... Read More

Govt to announce new housing loan scheme

In a move to facilitate loan transactions between first-time house buyers and banking institutions, the government is expected to announce a new scheme during the tabling of the 2017 Budget. Second Finance Minister, Datuk Johari Abdul Ghani said his ministry is currently collaborating with Bank Negara, Malayan Banking Bhd (Maybank), ... Read More

AFFORDABLE: Sungai Ara / Hunza Group

A newly proposed affordable housing by Hunza's wholly-owned unit, Diamaward (M) Sdn Bhd, at Sungai Ara. It is located next to Taman Sungai Ara, about 1.5km away from SJK(C) Chong Cheng. This development comprises three 49-storey towers offering a total 1,390 affordable units: BLOCK A Tower A1 - 426 affordable units ... Read More

The Park @ Mak Mandin

The Park @ Mak Mandin, a affordable housing scheme by Penang State Government at Jalan Mak Mandin, Butterworth. This project is undertaken by Silver Channel Sdn. Bhd., comprising 4 blocks of 14-storey towers with 780 apartment units. Featuring spacious layout with a built-up area of 1,002 sq.ft., each unit comes with 3 bedrooms and ... Read More

AFFORDABLE: Air Itam / Focal Products Sdn. Bhd.

A newly proposed affordable housing project by Focal Products Sdn. Bhd. at Air Itam, Penang. Located at the intersection of Jalan Teochew Satu and Jalan Thean Teik, next to Hui Aun Apartment. It is only 1km away from Sunshine Farlim. The proposed development consists of two 39-storey residential blocks, offering ... Read More

Various plans to boost property sales

The Penang government has agreed in principle that the 20% surcharge for affordable housing units sold in the northeast district will be reduced to 10%. State Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo told International Real Estate Federation (FIABCI) Penang branch members that this was to invigorate ... Read More

Mutiara Jesselton

* PROJECT CANCELLED * Mutiara Jesselton, an upcoming affordable housing development by Berjaya Land at Batu Gantong, also known as the parcel 2 of Jesselton Villas. It is just a short drive away from Penang Turf Club and easily accessible via Jalan Scotland. This development comprises a 32-storey residential tower and 16 ... Read More