Categories: Malaysia

Penang eyes 220,000 affordable housing units by 2030

GEORGE TOWN – State exco Jagdeep Singh Deo announced today that the state is aiming to build around 220,000 units of affordable housing by 2030.

The intial plan of the government is to build 180,000 affordable housing units but was increased to additional 40,000 units.

Jagdeep said that the 220,000 units will consist of three types of affordable housing ranging from RM42,000 low-cost units up to he RM300,000 units.

He added that Selection and Process Enhancement Committee (SPEC) approved the low, low medium cost housing project.

The committee was able to approved a total of 54,138 qualified applications for the affordable housing.

25,913 out of the 54,138 applications were in the low cost units, while 10,930 for low medium cost units, 16,683 for affordable housing units and over 600 rent to own units.

He also announced that there are currently no waiting list on the low-cost housing units in Central Seberang Perai and anyone who apply will get a unit.

There are also no waiting list on in the South-west district on the island and Northern Seberang Perai under the Chinese and ethnic Indian quotas.

The affordable housing unit will be based on the supply and demand since there are no waiting list, the government suggested for the units in the districts to be opened for other applicants from other district. George Town and North-east district of the island currently holds the highest demand but the supply is low and there were insufficient lands to build the affordable housing.

Katherine S

1/4 German, 3/4 Malaysian. I write, follow and monitor closely political news happening in Malaysia, and other happening news in the ASEAN region. Newswriter for the best ASEAN news website - The Asian Affairs.

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