Low Cost House In Penang Island

Posted by Kris | Sunday, December 15, 2013 | , , | 1 comments »


low cost house application
low cost house application

Saw that the application starts today: 3,000 forms gone in 5 minutes!! wow. Anyone that knows anyone that is eligible for it, please quickly go apply for a low cost housing so that you don't waste money to paying rent for someone else.

I wonder whether this will give some amount of pressure to the ruling government to start caring for the Rakyat after the countless unfulfilled election promises. Transparency is very important as everyone wants to own their own prices at affordable prices, especially on Penang Island hence the balloting.

Either way, this is a good cooling measure by Penang government, I wonder whether Selangor/KL would implement such measures. Although I think that might hamper some economic growth in the Greater KL area. Penang is a little different as most of its major infrastructure is located on the limited space on the island. 

For example, building/moving the airport to Mainland Penang will drastically shift the economic center of gravity.


Chief Minister Lim Guan Eng said the Penang Development Corporation has been ordered to build 19,973 low-cost houses, low-medium cost houses and affordable homes in all five districts in the state.
“The state government currently has a RM500mil fund to kickstart the project. To be fair to all, if there are extra units, we will conduct a ballot.
“An auditing firm will be employed to monitor the balloting to ensure there is no misappropriation,” he said.
On the criticism hurled at the state government on the proposed new housing rules, Lim said that they were ready to face any consequences.
“People who want to shoot or lambast us may do so but we will not back down for trying to help first-time house buyers,” Lim told a press conference after launching the event.
Among the 10 locations for the low-cost and affordable housing projects are Jalan S.P. Chelliah, Teluk Kumbar, Jelutong and Pintasan Cecil on the island and in Batu Kawan, Kampung Jawa, Mak Mandin, Ampang Jajar, Bukit Mertajam and Juru on the mainland.
Under the new rules to regulate affordable homes, owners of affordable homes (below RM400,000 on the island and RM250,000 on the mainland) will be barred from reselling them in the first five years.
Owners of public housing (low-cost units and low medium-cost units) bought for RM72,500 or less cannot sell their units within 10 years.
The deadline to submit the application forms for houses in Jalan S.P. Chelliah is March 31 next year. For those applying for houses at other locations, the deadline is June 30.
Those who are interested can also download the form at http://erumah.penang.gov.my.
All application forms can be submitted at Level 3 in Komtar or at the state assemblymen service centres.



1 comments

  1. Mr Lonely // 5:41 PM  

    no $ buy~