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SITE PROGRESS: Goodwood Residence (Dec 2023)

Property News/ 28 December 2023 No comments

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About Goodwood Residence

A mixed development by Definite Harmony Development Sdn. Bhd. (a subsidiary of WHH Land) at Bayan Lepas, Penang. Strategically located along Jalan Tun Dr. Awang, next to The Clovers condominium by Asia Green Group. It is less than 2km away from Penang International Airport, about 15 minutes’ drive to Second Penang Bridge. It comprises a 35-storey condominium with 8 units of shop lots located at the ground floor.

Find out more about Goodwood Residence

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KPKT now known as Ministry of Housing and Local Government

Property News/ 27 December 2023 No comments

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The Ministry of Local Government Development is now known as the Ministry of Housing and Local Government (KPKT).

KPKT, in a statement today, said the name was amended based on the decision made during the Cabinet meeting on Dec 13, and it will be officially gazetted under the Ministerial Functions Act 1969.

It said that providing affordable housing remains the ministry’s main thrust, with a target of constructing 500,000 housing units nationwide, especially for the B40 and M40 groups through the 12th Malaysia Plan.

It added that the strategic direction through the implementation of KPKT’s vision and mission will continue to be strengthened through eight main functions, namely Affordable Housing, Urban Planning, Landscape Development, Local Government Empowerment, Firefighting and Rescue, Solid Waste Management, Community Empowerment as well as Community Credit and Pawnbroker Companies.

“KPKT, in collaboration with the Madani Government, is committed to achieving the main agenda of advancing the well-being of urban communities and fostering sustainable environments.

“The improvement of people’s living conditions will always be prioritised to enhance the well-being and quality of life, serving as a catalyst for the nation’s progress.” the statement read.

Source: Bernama

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SITE PROGRESS: Havana Beach Residences (Dec 2023)

Property News/ 26 December 2023 No comments

havana-beach-residences-site-progress-dec-2023-1

About Havana Beach Residences

Affordable housing development by Ideal Property Group at Bayan Lepas. Strategically located near Jalan Tun Dr. Awang, less than 2km away from Penang International Airport. It is about 5 minutes walking distance to  SMJK Heng Ee (Bayan Baru branch).

Find out more about Havana Beach Residences

Register your interest here and we will keep you updated.

(This information will be used to keep you updated on the project and future development.)
*By submitting this Form, you hereby agree to our PDPA Consent Clause.

Water tariff hike for Penang households

Property News/ 25 December 2023 No comments

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The state government is planning to impose a new water tariff for households in the state.

Chief Minister Chow Kon Yeow said the state administration would submit an application to the Federal Government to increase the water tariff for households.

“The state needs to impose a new water tariff as other states have begun to do it,” he said after launching the state’s Affordable Housing and Real Estate Expo 2023 at Butterworth Arena, here on Saturday (Dec 23).

Chow said Penang currently imposed the same tariff rate since 2015 and introduced a new tariff for non-domestic, or commercial, users last year.

He said a business plan needs to be submitted to the federal authorities every three years on the estimated tariff rate that would be implemented.

He said the water supplied in the state currently was heavily subsidised.

“The Penang Water Supply Corporation (PBAPP) has spent more than RM1 to treat every 1,000 litres of water but only sells them at around RM0.30” he said.

He said the state government has spent more than RM100mil per year despite not having increased the (water) tariff.

He said the matter (to increase the new water tariff) will be announced to the public soon.

Source: TheStar.com.my

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Penang HOC 3.0+ extended until end of next year

Property News/ 24 December 2023 2 comments /中文版

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The Penang government is committed to providing affordable homes through diverse schemes, assured Chief Minister Chow Kon Yeow.

He announced an extension of the ‘Home Ownership Campaign’ to a new phase, termed ‘Home Ownership Campaign 3.0 Plus,’ from January 2024 to December 2024.

He also highlighted a 10% reduction in the prices of affordable homes under the campaign.

“On the island, the maximum ceiling price of RM300,000 would be lowered to RM270,000, and on the mainland, the ceiling price of RM250,000 would decrease to RM225,000 for units with a minimum of 850 sq ft,” he said.

Stressing the importance of expos like this for both potential buyers and developers to understand market demands, Chow affirmed the government’s role in promoting homeownership.

“This is an initiative by the state government to help promote homeownership in the community,” Chow said during the Penang Affordable Homes and Property Expo at the Butterworth Arena today.

Meanwhile, Penang Housing and Environment Committee chairman Datuk Seri Sundarajoo Somu urged affordable home applicants to update their details through the Penang Housing Board’s housing information system.

Sundarajoo introduced a new affordable housing category for B40 families earning between RM3,500 to RM5,000, specifically targeting youths.

During the event, 20 applicants received offer letters as a symbolic gesture out of the 300 successful applicants for various affordable home schemes.

Sundarajoo also highlighted the establishment of the HOPE (Housing Outcome Performance Committee) to facilitate the process of offering affordable housing units.

source: Buletin Mutiara

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