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Building affordable homes is the way forward for property developers
Penang Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo has continued to remind property developers to focus on building affordable homes during this trying period. “Let us work together. We want the private sector to come together and help the people. “The Covid-19 has greatly impacted the ... Read More
Scientex NRP Virtual Lucky Draw Total Prizes Worth RM10,000*
Scientex Tasek Gelugor offers the First* Landed 2 Storey Affordable Homes with Freehold Title in Pulau Pinang with affordable price from RM226,800*. Scientex Tasek Gelugor has recently launched the “Scientex NRP Virtual Lucky Draw” online campaign with more than RM10,000* worth of prizes to be won. Eligible purchasers will have ... Read More
Government to implement ceiling price for affordable housing in secondary market
Under the 12th Malaysian Plan (12MP), ceiling prices for affordable housing will be introduced in the resale market in order to control house prices, especially in the urban areas, MalaysiaKini reported today. The move is to ensure that housing remains affordable for the selected target groups. It is understood from ... Read More
Economist: Cap for affordable housing will only drive prices up
Setting ceiling prices for affordable homes, even if temporary, will not address the shortage of affordable housing, an economist says. In the recently tabled 12th Malaysia Plan, it was revealed that the government would implement price caps for affordable homes on the secondary market and limit the number of units ... Read More
Mah Sing: The 12th Malaysia Plan will be beneficial to the housing sector
The various steps under the 12th Malaysia Plan (12MP) to reinvigorate the country's economy post-pandemic will augur well for the housing sector, said Mah Sing Group Bhd founder and group managing director, Tan Sri Leong Hoy Kum. The 12MP, according to Leong, is a positive step toward boosting economic growth, ... Read More
SITE PROGRESS: Signature Two (Sept 2021)
About Signature Two A 31-storey residential development by Excel Focus Sdn. Bhd. in Perai, Penang. This development is strategically located along Jalan Baru, next to The Signature condominium. It is only within mere minutes' drive from Penang bridge, featuring 121 condominium units Find out more about Signature Two Register your interest here ... Read More
RM2.25b allocation in housing assistance for the poor
The government has allocated RM2.25 billion to provide housing assistance to the poor under the 12th Malaysia Plan (12MP), said Prime Minister Datuk Seri Ismail Sabri Yaakob. He said the allocation was to build and repair 85,500 units of houses, namely 75,000 units in rural areas and almost 10,500 units in urban areas, under ... Read More
Penang not ruling out third bridge option
Penang has yet to decide if it will go for a third bridge crossing instead of an undersea tunnel connecting the island and Seberang Perai. Chief minister Chow Kon Yeow said the state has so far conducted a feasibility study on the construction of an undersea tunnel only. “The study ... Read More
KPKT plans two PPR in Penang
The Housing and Local Government Ministry (KPKT) plans to implement two People’s Housing Projects (PPR) in Penang under the 12th Malaysia Plan, said its minister Datuk Seri Reezal Merican Naina Merican. He said compared with others states, the number of PPR houses in Penang was still very low, with the ... Read More
Penang Housing Board ready to start its first affordable housing project in Bayan Baru
The Penang Housing Board, which came into full operations in January this year, is set to kick start its first affordable housing scheme in Bukit Gedung, Bayan Baru. State Local Government, Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said the project is expected to have its groundbreaking ... Read More
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- May I know which Company took the Construction Building tender from Mapel We are Sub...bukhari syed mansoor on Taman Bistari Jaya
- @Minion well said ...LL on Marriott International and Ideal Property to launch ‘Marriott’-branded development at Queens Waterfront
- Is everything delayed the way of life in Penang ? ...chita on Penang undersea tunnel feasibility study delayed due to port expansion plans
- @millionaire Wrong mindset. Don't try to twist the issue around like roti canai. Very straight...Hee Chan on Marriott International and Ideal Property to launch ‘Marriott’-branded development at Queens Waterfront
- this project already cancelled. no longer valid. developer tried to sell this project 2 years...WC Ong on UPCOMING: Jelutong / Kay Pride Sdn. Bhd.
- @Hemsley People see things at different angles. A lot of subsale transaction for you is...millionaire on Marriott International and Ideal Property to launch ‘Marriott’-branded development at Queens Waterfront
- Anyone buy? any comment? ...Sunny on Residensi Rambai Indah
- Marriot should JV with The Zen ...Minion on Marriott International and Ideal Property to launch ‘Marriott’-branded development at Queens Waterfront
- @chita Good point. House is for own stay. Too expensive & investment will lead to...Howly on Penang among top spenders in Malaysia for decent living
- @celia Yes. 500k is not expensive. Future price will increase further especially prime location like...Hee Chan on Clear definition of affordable housing urged to align supply with demand
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