Penang introduces RM100K affordable housing for RM5K income
Penang has unveiled a new committee, called HOPE (Housing Outcome Performance Committee) under the state Housing Board, to streamline the process of offering affordable housing units.
Datuk Seri Sundarajoo Somu, the state executive councillor in charge of Housing and Environment, announced that HOPE was established to ensure the execution of housing policies at the State level are aligned with the Madani initiatives, the Penang2030 vision and the Penang unity government manifesto.
He also revealed that the state has so far recorded over 40,000 applications on the waiting list since 2008.
The same platform also approved 915 names for affordable housing which was done online from the Housing Information System (Sistem Maklumat Perumahan).
“Following a HOPE meeting held on September 14th, the selection and offering process for affordable houses (Rumah Mampu Milik – RMM) will now be conducted online,” Sundarajoo said.
“As of August 31st this year, the housing information system has received 43,260 applications. However, only 7,686 of these applications have been updated,” Sundarjoo told a press conference in Komtar today.
Affordable housing is categorised into three groups, both on the Island and mainland, as follows:
- RMM A – 650sqft priced at RM42,000, eligible for monthly income earners of RM2,500 and below.
- RMM B – 700/750sq ft priced at RM72,500/100,000 respectively, eligible for monthly income earners not exceeding RM3,500/5,000 respectively.
- RMM C – 750/800/850sq ft priced at RM150,000/200,000/300,000 respectively, eligible for monthly income earners not exceeding RM8,000/10,000/12,000 respectively.
Out of the 915 offer letters issued, 404 were designated for RMM A, 81 for RMM B, and 430 for RMM C. The selection process involved applicants from all five districts in Penang.
The Penang Housing Board plans to launch a campaign encouraging applicants to update their data online in the system, particularly their marital status and monthly income every three years. This will help the government remove individuals who are no longer eligible for affordable homes.
Sundarajoo also announced the introduction of a new rent-to-own scheme for singles and young families at the upcoming People’s Housing Project (PPR) at Kota Giam in Jelutong.
To meet the current demand, the state government has proposed the construction of a 45-storey apartment with a 500sq ft studio units and a 44-storey apartment with 700sq ft units for young married couples.
The project, which will take place at the two-acre site in Jelutong, has been allocated RM100 million by the Development and Local Government Ministry.
Sundarajoo said Penang would also introduce a new affordable housing category for the B40s or those earning no less than RM3,500 but not exceeding RM5,000 per month.
Under the scheme known as RMM B2, they will be eligible to apply for a 750sq ft unit priced at between RM100,000 and RM150,000.
Under the former exco for housing Jagdeep Singh Deo, Penang has set a target of achieving 220,000 affordable homes by 2030.
To date, there are 152,263 affordable housing units that have either been built, are under construction or are planned for the future.
Also present at the press conference were Penang Housing Board general manager ’Ainul Fadhilah Samsudi, chief business officer Fakhrurrazi Ibnu Omar, chief operation officer Mohd Fauzy Mohd Yusoff and chief legal and enforcement officer Nadzifah Abd Rahim.
Source: Buletin Mutiara
How does government ensure the affordable unit is not used as investment ?
@Ginny
Property is always an investment regardless of which type of housing. All investment always start from low value & affordable unit. You can buy & use it for homestay or rent out later after some period.
homestay in residential property is banned ….
unit getting smaller, not that ” affordable” actually, those can’t afford should stay further away from prime area and getting larger and more comfortable living space for the same amount of money…
@Oh nice
Affordable doesn’t mean it’s ‘cheap’.
Just respect to income of rakyat what, now lowest wages also increase d, sure property also increase what.
It lets you “afford” to buy, not let you “buy 1 every 5-10 years”.
@Oh nice
Affordable unit still can rent out too for some income example like Quaywest as majority buy at RM300k but now rent in rm2k which is more than bank installation actually. Great investment.
Those salary below rm5k monthly may consider affordable house.
High Density, Maintenance also so low how to cope with expenditure, confirm a failed project
do you think goverment cares ? they care for developer more
@victor
don’t think government want to bar you from investing lar, they just don’t want people profit from quick short term gain
@Oh nice
House without profit then nobody will buy. Either rent out or sell in subsale later. Example Quaywest buy 300k and sell 600k
Installment rm 1.2k and now Rm2k+ furnish. All these no chance to control. Same goes for The pier who buy at rm700k or 600k later all above RM1M+ because luxury product
@Ginny
What is the whole point of making sure that? Government just want to make sure developer makes money, and partial of the money, goes to certain pocket. And to make sure they continue to get votes by announcing “????” numbers of affordable housing has been allocated. They don’t care about the longetivity, it’s all about their current income.
Mini Hong Kong in the making for Penang
Soon future penangnites will be living in 200sqft Super Ultra Condos
While the rich become richer, the poor becomes more poorer
Not Mini Hongkong, it’s 80% Hongkong already. Look at all those ideal projects, like beehives. Problem is the government allow them to use affordable as excuse to sell unit with 1 carpark. Then for 2 carpark, they charge premium price. Earn both ways.
Modernization is inevitable, unless we go outskirt to live
not go city complain food expensive then go outskirt say food is cheap.
Penang B40s monthly income RM3,500 to RM5000
@MajorArches
If still sold means market demand for it, no one else to take the blame, literally if we running like Europe where encourage you to rent more than owning, will you accept it?
Housing is expensive because everyone want to “own” a house.
please do consider those on AKPK, blacklist but to own small house . some of them is professionals employee but stucked in akpk when the spouse not working and what so ever reasons. pls help to think for this group also in which way u all can help.
Im looking for more information on how to apply for it.thanks