Housing units at Ideal Residency, an affordable housing project by Ideal Property Group in Bukit Gelugor, are selling fast like hotcakes as the state government today confirmed that 97.5 per cent of units there have been sold.

State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo said out of the 1,218 units, 1,188 units have been sold.

“This clearly shows the demand for such affordable housing projects in Penang.

“During my last visit here in October 2021, the progress was only at two per cent, while today, I can confirm that the project is now 25.12 per cent completed.

“Despite challenges faced during the Covid-19 pandemic, I am happy to witness that the project is making good progress now, and as I understand, it is expected to be fully completed in Quarter One of 2025,” Jagdeep said during his visit to the construction site of the project in Bukit Gelugor yesterday.

Located on an 8.075-acre site, the project is a single-block apartment with 49 floors. Forty-one floors will consist of housing units, six floors will be dedicated to parking lots, while two will be used as recreational spaces.

Facilities such as a swimming pool, recreational park, gymnasium, community hall, badminton and basketball courts will be made available.

In a related development, Jagdeep also said that so far, a total of 142,647 units of affordable homes and Rent-To-Own units are in various stages of development as the state strives to achieve its vision of completing 250,000 units by 2030.

Among those present during the visit earlier were Penang Housing Board chief operational officer Mohd Fauzy Mohd Yusoff and Penang Island City Council (MBPP) Town Planning and Development Department director Mohd Bashir Sulaiman.

Source: Buletin Mutiara