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5,000 registered. 22,000 by state and 20,000 by private developers?

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?

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Penang affordable properties – 51,238 applications!

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!

Every major property market dropped, Penang stayed steady?

A very interesting finding even if the numbers are a little outdated.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?

800sf CONDOMINIUM for just RM299,000 – Better be quick

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

8,700,000 sf of land for PR1MA in Penang

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

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