Units priced from RM292,000 to RM390,000 will be built in Paya Terubong
A man checking out the project’s revival and rehabilitation plan.
THE state government has managed to get a developer to build 7,658 affordable homes in Paya Terubong, Penang.
Chief Minister Lim Guan Eng said PLB Land Sdn Bhd had agreed to build the units ranging from 750 to 1,000sq ft priced between RM292,500 and RM390,000.
The developer is also the ‘white knight’ tasked to revive the abandoned 370 units of Taman Paya Terubong (Majestic Heights Phase 2A) which are scheduled for completion within 18 months.
Lim said the affordable homes would be built on a 26ha piece of land, next to Majestic Heights Phase 2A.
He said the state was looking to not only end the woes of the abandoned units’ owners, but to also provide “shelter” to first-time house buyers in the north-east district.
The upcoming development will consist of 1,532 units with a build-up size of 750sq ft priced at RM292,500, 4,594 units of 850sq ft (RM331,500) and 1,532 units of 1,000sq ft (RM390,000).
“The affordable housing scheme is scheduled for completion in six years starting from the date of commencement of work.
“It will only be eligible to qualified applicants registered with the state Housing Department,” he said before inspecting the abandoned Majestic Heights project yesterday.
Lim said: “Traffic management will be an important factor once the vast development takes shape.”
He said the state would construct a paired road from the development site to Bukit Gambier to ease traffic burden.
On the revival and rehabilitation of the abandoned Phased 2A project, Lim said the move was seen as a small step towards achieving the state’s vision that every Penangite would get to a own a house.
“It has been a long 18 years’ wait for these buyers. Now, they need to contribute RM10,000 each for the revival of the project under PLB Land Sdn Bhd.
“It is my wish to see all of you (affected owners) move into the houses eventually but there are still many issues ahead.”
Meanwhile, Taman Paya Terubong (Majestic Heights Phase 2A) pro-tem committee secretary Khor Boon Peng said they had managed to contact about 80% of affected owners.
“Those who have yet to get in touch with us can call me at 016-4969690 or email me at khrbnpng@gmail.com,” he said.
The Majestic Heights project is the largest abandoned housing scheme in Penang and has caused hardship and financial losses to the housebuyers over the last 11 years.
It consists of several phases but only Phase 1 obtained the certificate of fitness on Dec 31, 2003, while Phases 2A, 2B and 3A were abandoned. When Phase 2A was abandoned, the physical completion was already at 70%.
Source: StarProperty.my
affortable house need around 300k now! how to buy…
lai lai….sapu..sapu
This is affordable homes for the middle class, not the poor.
nowaday middle class = poor class too la
Why? What made you say that? Would you elaborate? Which class do you belong to?
i’m in high class.
lai lai..sapu sapu while stock last.
Hi Kiokanx,
Kapsiao was correct, affordable home is meant for middle class below 400k, low cost home is only meant for poor around 70k.
7,658 new unit in one paya terubong area? how the unit being spread…it will cause many issue with such high dense…
A typical land size of 2 acres can comfortably fit in 400 units. Example, Elite Heights has 600 units on about 3 acres, Reflection has 300+ units on about 1.5 acres.
So, for 26ha, or 64 acres, that should easily accommodate 13000 units. After including common parks, roads etc, 7000+ units would be very practical and comfortable too. Of course, the roads leading to this area will have to be widened (as mentioned by LGE), otherwise farlim will suffer big time.
A typical land size of 2 acres can comfortably fit in 400 units. Example, Elite Heights has 600 units on about 3 acres, Reflection has 300+ units on about 1.5 acres.
So, for 26ha, or 64 acres, that should easily accommodate 13000 units. After including common parks, roads etc, 7000+ units would be very practical and comfortable too. Of course, the roads leading to this area will have to be widened as mentioned, otherwise farlim will suffer big time.
For the price tag of RM300k-RM400k, the state should be able to deliver condos like those at Elite Heights. For first time home buyers, you should wait for this, rather then buying sub-sale, unless subsale price is not much higher then this, and you’re rushing to have a house of your own.
aiyo, then elite height mah cannot sell loh! i think they are asking for about 600k for 1000sqft units. can save 200k. 200k you know!! for me, thats mean i can shorten my mortgage for 10 years you know!!
wer gt so much first time buyer? investor gt alot, 290k for fresh graduate, then 390k units sell to who? uncle? u think uncle still single at age 40?
lol..should say this is opportunity for first time buyer to invest, buy 390k now, sell 600k later like elite height, state gov allow affordable house sell after 5 years, after 5 years no need pay any gain tax to gov, yeah this time first time buyer huat liao?
If you recalled back the past 10 years, the Low Medium cost housing price started at RM25,000 and then RM50,000 and then RM 75,000 follow by RM100,000. Nowadays, the LMC housing priced really shocked with RM390/ Square Feet. The upcoming development priced as below:
750sq ft = 750*390 = RM292,500; Total 1,532 units
850sq ft = 850*390 = RM331,500; Total 4,594 units
1,000sq ft = 1000*390 = RM390,000; Total 1,532 units
I don’t think so the selling priced is cheaper. The price should be set at RM250/ Square Feet for the first time buyer. Are you agreeing with this price?
buy 390k now and sell 600k later? where are they going to stay after sell ?
@Buyer_007
I think you got it all wrong. The RM25k,50k75k are for low income group. The RM300k-400k that we are talking about here is a new breed of affordable housing, with quality and density same as Elite Heights.
And these are not necessarily for fresh grads and singles. In fact, the main target is the newly weds, who are in their late 20s or early 30s, with combined income of not more than RM10k per month.
These are actually quality condos, with the land cost subsidized by state gov.
When will the project be fully completed ? Another 10 years or more ? The
price needs to be reviewed ?
Penang govt really good. How many newly wed couple will buy? In paya terubong? Going to BL or Georgetown to work everyday and contribute to traffic jam?
Jelutong and Gelugor have a lot 700sqft apartment, price a bit more than 390sqft. Less traffic congestion and more strategic location. Most young couple prefer there.
This project build for who? But I would say good to hear the revival of the abondoned project.
The 700 sqft majestic height selling at 70-80K now, which is rm110psqft but now selling at 390psqft? The location itself is terrible with a lot of foreigner. Is it appropriate to compare it with elits height in term of facilities & location ? I am doubt of it.
before talk about this Paya Terubong let find out Sp Chelliah the first affordable house status first
@Breeding
Of course the mampu milik condos will not be built all at one go, it will be built by phases, maybe 2-3 projects at a time, with about 400+ per project. The state would be able to gauge the demand quite accurately because interested buyers would have to register themselves with the state, the state would then check through their history of home ownership before approval.
And by the way, a short cut paired road (as mentioned in article) would be built directly from this area to Bukit Gambier, connecting to USM. It will avoid all traffic jams in Farlim and Air Itam market, going directly to Bukit Gambier. Residents from EcoWorlds project, and Sunway’s project would be using this paired road to access BL.
@penang
No, this is different from Majestic Heights. The area of Majestic Heights is only a small fraction of the total area allocated for this project. This project will transform the face of Paya Terubong.
@Llo
Sure, let’s see how SP Chelliah turns out. Flippers of mid-range condos at non-prime locations like Elit Heights should have a tough time flipping if mampu bilik condos are proven.
@Breeding
By the way, this is a new breed of mampu milik condos (not low cost, not low medium cost) that would be similar in quality to Elite Heights, you can’t compare it to RM300k+ low medium cost apartments in Bukit Gambier. This is surely better.
HEY BRO HERE, U ALL HOW TO KNOW THE MOST LATEST NEW DEVELOPMENT HOUSE IN PENANG? I PLAN TO BUY A HOUSE(CONDO OR APARTMENT) WHICH NOT YET IN CONSTRUCTION PROGRESSING (ONLY A EMPTY LAND) DUE TO HOUSE WHICH IN DEVELOPMENT WAS EXPENSES…LOLL
@WINSON
Is it for your own stay or investment?
can be stay + investment …..@kamlan
can be stay + investment …..
medium cost will be low cost in future…
@kiokanx
@kamlan
@kapsiao
good buy kah?