Blog visitor Henson sent in this image with the comment: “Much overlooked affordable homes as developers now promoting expensive condos during CNY!”
All in, there are 1,900 homes:
– 770 low-medium cost homes (700 sq ft) at RM72500 each;
– 883 homes (800 sq ft) at RM200000;
– 165 homes at RM300000 and
– 82 homes at RM400000.
More details on registration here.
But before you rush to register, you might want to take a closer look at the high density of this project.
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I still feel better with the current penang state project. Please do see how the state is running and the results so on. Yang, I seriously feel that you are being jealous about how good the state is running.We all want a better environment right? Stop giving negative comment cause you are not helping.
You feel better, 8 per feel not better
Is the truth negative. Then I will have to keep telling the truth even if it is negative
If you think negative, then negative vibes will continue to dictate your life. There are so much positice things in Penang since 308 so much so that so many People prefer to move to Penang despite the relatively higher property prices.
gk ong ; I am a positive man. I move and flow like the river. I just tell the truth and its just that some people dictate it as negative. I just told a friend. You can buy a cheap house in Sg Petani and an expensive apartment in Penang but you could not rent out that cheap house. Instead you could easily rent out your apartment in Penang. Moreover in a few years time the appreciation of your apartment is much better than that house in Sg Petani.
Yang is right in saying that while money can still be made on investment of Penang home, price will not go down.
So I am saying that those who are buying affordable house to stay and raise family, but not buying for investment/speculation, should consider SP (Seberang Perai or Sungai Petani) where they could purchase without taking huge loan and worry later.
Sungai Petani is also ideal for those Penangites wishing to stay away from Cat administration.
The truth surrounding 1MDB is negative, care to elaborate for us?
Many hawkers earn a lot peddling on the streets to afford nice homes. Sad their privileged children many no inner drives to succeed their labouring parents. They are too comfortable to work by the streets but some do venture successfully in Air con mall environment.
Many hawkers can afford nice homes on the island because of their hard work preparing dishes many rich tam chiak kui willing to pay to support their house installment payment.
Strange that such hawker talk has yet to lure that Sia Boey 4WD Pek back from hibernation to give his views on this blog.
He is most probably still in Belum Forest
Likely so as there is no wifi in Belum Forest. A good retreat for Sia Boey 4WD Pek to recharge his body and mind. He could return soon with a vengeance as he cannot have cold turkey treatment for too long away from Penang street food. Anil will want him back to boost readership, else will suffer like Utusan?
Haha, tunglang, come back quick.
Probably orimaestro now realize he can be another prominent blogger himself and may contemplate creating his blog to garner support and give Anil a healthy and friendly compettition?
The more, the merrier đŸ™‚
gk ong. You have nothing better to share?
Hokkien call your type “Kay Poh Chee Kap Siao Beh Liao”
Ate too much Rojak?
You stink sky high – to both locals and tourists!!!
our regular conributor who is now missing from anilnetto.com radar probably has no internet access away from the glittering lights of the city ?
Anil appears to prefer Tanan Manggis flats over SP Chelliah’s?
Taman Manggis the land plot opposite Tune Hotel can be of lower density like 2 blocks next to it. AH Keong developer can be engaged to build one block there if Gerakan takes over Penang?
The proposed Taman Manggis development was not dense?
Yang
U mean the govt will only build prima 1 houses if voters go for bn?
Thats typical bully and bribe culture of bn
thats precisely abhorrent thinking of this regime
I might dont pay any taxes since bn is not what i want
Can?
The promise of PR1MA in Penang is based on ‘I Help You, You Help Me’ principle.
So the offer will be repeated before the next GE.
It could be dangled at Permatang Pauh to lure votes in the coming by-election.
Until then, do not hope for a PR1MA on the Penang island.
anil
at 72,500 for the 700 sq ft, assuming loan of 65,000, rate of 5% and tenure of 35 years, monthly instalment is RM328.
i think thats rather affordable for the low income segment.
key is the availability of financing as most banks wouldnt want to touch this category due to historically higher NPL. thats where the govt thru BNM can help by “forcing” banks to lend to this segment as part of social obligation.
your thoughts.
Don`t be deceived by the 72,500 apartment. There is none at all. With the second agreement of 140k – 180k the house will be 220k to 260k. The 72k affordable house is the worst of all deceit by the CAT. Remember Centrio apartment of how many of the Malay have to go to Komtar and complained that it is 180k instead of 72k.
I think it is not realistic to expect a 800K sq ft home to be less than RM200K on Penang island. Poor families must place greater emphasis on the education of their children in order to secure a better future. To begin with they should not burden themselves with many children, as they are not depending on children as labour to work in their farms or paddy fields.
I got one built by the Gerakan State govt prior to 308 for 900 sq ft @ 138K only and with gym, swimming pool and car park
Please do not forget to inform the public that the 1Malaysia branded goods at KR1M are deceivingly more expensive than similar Tesco branded goods.
http://www.themalaymailonline.com/malaysia/article/dap-mp-hits-back-at-mydin-insists-kr1m-goods-pricier-than-other-stores
glissantia,
start off with the 700 sq ft.
gradually upgrade.
i did that by the way and after 3 swaps over 20 years, i am now staying in a comfortable 2 1/2 storey hse
thats the way u go when u dont have inheritance
Att
What’s the difference 2.5 storey vs 3 storey? Half storehouse like an attic near roof?
You are a lucky privileged one able to live like that. Don’t forget to do more charity like supporting this blog.
Att
What’s the difference 2.5 storey vs 3 storey? Half storehouse like an attic near roof?
You are a lucky privileged one able to live like that. Don’t forget to do more charity like supporting this blog.
Another propaganda. I have registered for this scheme more than 2 years ago and registration was supposed to be closed as as April last year.
Yang could be blurred as he has instead registered PR1MA housing promised by Najib that never happen ?
BTW, sPICE CNY open house Rayer helps distribute Lo Kam oranges so Yang can make peace this festive period ?
Henson : I am never never blurred unlike you. I registered with the MPPP in Komtar in the concourse area about 2 years ago and was informed that closing date would be sometime in April last year. I even asked my friend to apply. More than 20 thousand forms were send out. It seem that they are doing it again and again to propangandize to the maximum. I never apply for Prima home. Anyway Prima home is built in 3 locations on the outskirt.. LMC 72k is not what it is. You be paying for up to 200 – 240.… Read more »
Are those already holding multiple properties with incomes from rent collections qualified for this scheme?
My neighborhood senior got a unit at Teluk Lumbar for RM43K, although her preference for downtown SP Chelliah unit.
Big crowd at sPICE now. YB Rayer still distributing lol am as of 10.38am…
Crowd entertained by Chinese traditional orchestra while I enjoyed good served by Passions of Kerala…..
PR1MA can never be delivered on Penang island. Wait long long and you end up missing the current deal.
Jay : Frankly there is no reason for Prima to be built in Penang. After all you all vote in the CAT Pakatan. So let the incompetent Pakatan do it.
Yang is confirming that PR1MA on Penang island is merely an election gimmick from Najib.
GK Ong ; It is not an election gimmick. 1 MDB has already brought all the land ready for development but the people of Penang blew it. They voted in the CAT. Tell me why should 1 MDB continue with it. Let the CAT do it since you have voted in the CAT. The CAT 72k scheme is really a gimmick when it is not 72k but 180-204k. To be more precise it is a bluff by the CAT
‘Rakyat didahulukan’ superseded by ‘You help me, I help you’?
Yang i think you are over qualified for such scheme or even PR1MA. Give the needy ones the chance lag.
Happy Lunar New Year to you.
The Urban Suites & Residences (by Cosmopolitan Homes Sdn Bhd), Off Jelutong Expressway, is equally dense. Price starts from RM363K, freehold.
Vicknesh ; You should also mentioned the size of the condo. Start from 363k and unit is from 400 sq ft (1 room 1 hall) up to 550 sq ft (1 hall 2 room) @ price 450k – 480k
Ok for a young family to start with a small unit. Then upgrade like att as your career and income improve. Why burden yourself with huge loan for a big unit and subject yourself to daily stress and fear of retrenchment?
Yes you right for s small family to start with a small unit but not a small budget when its around RM400k. Small units by the Gerakan BN govt in Taman Free School with rental of RM32 per month and now at rm97 per month is what you called the starting point for a small poor family.
Obviously, the property prices in Penang island will keep going higher and higher. Chelliah Park City’s “low-medium cost homes” would likely be at RM150,000 each ! Up up and away is only way !
Better get one now, wait for PR1MA and you will regret for life.
SP Chelliah, you can also wait. 40,000 is already on the waiting list and they are propagandizing for more.
SP Chelliah has no low medium home because the land is govt land and they built it as medium. Low medium cost home is (allegedly) used to deceive the people that the developers has build the 30% 72k homes but increased to 240k with another agreement. As such the developer (allegedly) did not build any 72k Low medium cost home but using 72k LMC as a cover up for their medium cost home
High density is expected for such affordable home in the land-scarced Penang island.
High density is needed to achieve affordable pricing. Be realistic.
Wait longer and you will have no choice but to move to mainland for more affordable homes.
High density is alright provided the govt maintains the homes in good condition and provides adequate green spaces like parks, walkways etc. Singapore HDB flats have far greater number of units and densities but their their local council provides amenities and green spaces to make it a decent place for humans to live with dignity. If you have never been to Sg, just google the pictures and you can see the difference. Over here, the state govt and fed govt would rather fight on who is to fund the renovation/painting of flats. In the end, both do not do anything… Read more »
Residents must pay monthly maintenance fee on time but many choose not to do so.
Now you do not have much choice as prices even in Relau area for 600 sq ft will cost about 400k onwards. You will not be getting any 750 – 800 sq ft apartment and condo anymore. Macalister Tropicana 700 sq ft cost 770k (1k per sq ft). Most unit by developer are now SOHO unit price from at least RM800 – RM1,200/= psf. Times that by the sq ft and see what you will get.
How many of the poor who will accept 800 sq. ft. (28.2 x 28.2) have the deposit, or the income to qualify for a loan? What would it have cost the gomen to build it? … How will the gomen ensure that this does not degenerate into another urban slum? Who will ensure that funds are maintained to renew essential infrastructure such as lifts? Do the poor deserve a crime-free environment? If so, what are the arrangements for enforcement?
And why the refusal to use the metric system?
If you believe in BN, high income nation is not far away in 2020.
So the poor can wait?
With careful family planning and budgeting, the poor can have decent quality living on 800 sq ft apartment.
It may be affordable to the middle- to lower-middle class. But I am just wondering, will a factory production operator with a young family be able to afford such homes?
Perhaps a better scheme for ppl earning the salary of a factory operator would be for the state govt to first build these units and then rent it out to them (include the maintenance charge in the rent) for a reasonable fee. After a number of years of renting (say 15-20 years), transfer the ownership to them provided they have paid their rental in full. Such rent to own schemes allow low income workers who cannot afford a down payment and heavy interest rates to eventually own a property, have a roof over their head in the meantime, in a… Read more »
800sq. feet big enough for retiring Seniors whose children may not stay with them in this new modern era.
1/3 of Malaysian household earns not more than RM2500 per month. 2/3 less than RM5000 a month.
High income nation possible when Ringgit is on par with Indon Rupiah? Everyone can be millionaire by then.
A 800 sq ft apartment now cost at least 430k – 500k depending on the areas. Hope the poor can afford this as you say ???
GK Ong ; You may say I telling tales. I will give some example. Teluk Au Perak Road. Symphony Park 750 sq ft (430k – 500k) Kheng Tien and Harmony View 680 sq ft (390 – 450k). Casa Impian 700 sq ft (380k – 470k). Damai Vista 700 sq ft (400k – 500k) Kang har Tong 700 sq ft (390k – 450k0, Suria Mutiara 800 sq ft ( 450k onwards) Taman Sri Perak 800 sq ft (450k – 500k) Taman Sri Perak 700 sq ft (370k onward).
Housing in big cities in Malaysia (KL, Penang, JB) goes up in price whichever government rules the state. It is a simple economics of demand vs supply. But in Penang it has become an political issue because those who cannot afford will continue to blame the government. The situation is more acute on the Penang island due to the limited supply of land (since many oppose to hill cutting and reclamation). Focus on your circle of influence as advocated by Steven Covey in his 7 Habits bestseller. Go upgrade yourself with relevant skills to earn more wages and improve your… Read more »
800 sq ft is rather small for a family. The state govt should make it a minimum requirement for flats to be at least 900 sq ft. I know these developers are making tons of money. No need to increase the price of each unit. Ask the developers to cut profits. If they do not wish to do so they are welcomed to take their company and business out of Penang. We are not short of developers/contractors. Go and con ppl in KL or wherever but do not allow them to take Penangites for a ride.
Low income Singaporean families have no problem living comfortably in 700 sq ft fHDB flats. It provides them a reason to strive harder to earn more so as to be able to upgrade to bigger units.
glissantia ; Finally it would not be the poor but the middle and higher income fellows who will be owning these homes. Mark my words.
Counter staff at 7-11 convenience Anil can earn RM900-1200 a month. Air con non stressful environment while a starting pay for an engineer in Penang island with years of education investment is still around Rm2800-3000. No wonder now young people these days opt to be own bosses not pursuing higher education?
Jojo, Which why many opt to be hawkers nowadays. If you are luck you could be having a business of RM500 – RM1000 per day making at least 200 – 500 per day. That will come to approximately 6k – 10k per month tax free. Do you know that many are being driven off the road and lorong nowadays. One guy complained to me and I told him you like the CAT party so much is it not. Now its your balasan.
You need license to operate a business, even as a hawker. Penang is now a city, get a proper place to operate your business legally and have no fear of being driven off.
Many license hawkers who have been trading for more than 40 years have been driven of the street….
“Many license hawkers who have been trading for more than 40 years have been driven of the street….”
A good example is Line Clear that has refused to pay license fee to operate because of family dispute despite claiming to be a living heritage, thus being taken action by Majlis Bandaraya.
Linew Clear is one good example of why its not forcibly cleared is based of the races or religion.
Jonathan : The owner did not refuse to pay the licesnse. The license does not cost much only a couple of hundred. MPPP did not want to issue them the license. They want to drive them off with the exception areas where they are allowed to build shed and trdae on the road like in Paya Terubong, Perak Road. Go an see for yourself whether it is fair or not. ???? Douible standard