Remember an earlier article about the number of people registered for the low cost and affordable homes in Penang. Penang affordable properties – 51,238 applications! In a news article in TMI, local government exco Chow Kon Yeow said that within two to three years’ time, all the people’s needs for affordable homes would be met. He said … Read more5,000 registered. 22,000 by state and 20,000 by private developers?
I must share this news about real demand; Penang affordable properties. Total applications are over 51,238. Recently a few friends said that the property market in Malaysia is made up of all speculators. This is despite the fact that 84% of all home mortgages are for one property. Then, they said it must be the … Read morePenang affordable properties – 51,238 applications!
A very interesting finding even if the numbers are a little outdated. For Q1 of 2014, all the major markets showed drops. Double digits drop for Kuala Lumpur at 13.4%, Selangor at 10%. Single digit drop for Johor, at 4.5% down compared to Q4 2013. Penang is quite resilient though, dropping just a marginal 0.3%. … Read moreEvery major property market dropped, Penang stayed steady?
Sorry KL folks. Such deal are available only in Penang. This was announced as Penang state’s first privately-initiated affordable housing project. Not much details were available except that the project is in Mount Erskine in Tanjung Tokong. However, with a price of just RM299,000, I can safely say that the number of registrants would far outnumber the … Read more800sf CONDOMINIUM for just RM299,000 – Better be quick
A piece of land with a size of 80.94ha in Teluk Bahang has been bought for the 1Malaysia People’s Housing Scheme (PR1MA). This is indeed a positive news for Penangites who really wants an affordable roof over their head. Then again maybe some wants to wait for the affordable ones to be built in Baru … Read more8,700,000 sf of land for PR1MA in Penang