The upcoming Penang International Exchange mixed development project at Bayan Baru may include affordable housing components.

According to the latest proposal submitted by Magna Rezeki Sdn. Bhd., the mixed development project located on the empty land next to Giant Hypermarket in Bayan Baru will consist of a 50-storey affordable condominium together with a 28-storey commercial building.

The condominium comprises 3 towers, offering a total of 1,202 affordable units with 9 levels of car parking podium. Recreational facilities will be located at level 10, 11, 23 and 24. Given the typical requirement of an affordable housing project in Penang, the units are expected to have a standard built-up size of around 900 sq.ft.

This project is still in its planning stage and pending approval. More details to be available upon official launch.

READ MORE ABOUT AFFORDABLE HOUSING:

• Eligibility and the requirement of buying affordable housing
• Full list of affordable housing in Penang

Property Project : (to be confirmed)
Location : Bayan Baru
Property Type : Affordable housing
Total Units: 1,202
Built-up Area: 850 sq.ft. – 900 sq.ft. (guestimated)
Indicative Price: (to be confirmed)
Developer : Magna Rezeki Sdn. Bhd. (Ideal Property Group)

Location Map:

DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider or party in question.