Tag: affordable properties
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Reselling of affordable homes allocated? Sigh.
In Malaysia, today, the federal and the state governments have started to build affordable homes. Many schemes were introduced and many have applied I believe. In Penang, the state government does not allow reselling within 10 years. Johor state government announced that all affordable homes cannot be resold within 5 years. I seriously think the…
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Affordability Availability: Penang Properties (Island).
Recently, just did some latest review of some of the latest available properties in Penang which are below RM300,000 and considered affordable. The list is non exhaustive but now sharing some of them here. Many people think affordable must always be primary properties. While primary property’s main advantage is due to newer design, cleaner environment…
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If you do not ‘qualify’, please don’t buy
A man went down on his knees in Penang today. His plea? He hopes that the developer would not force him to pay extra on top of the RM72,000 that he has paid for the medium low cost housing that he is paying for. He said that the developer is forcing all the buyers of…
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Developers feeling the heat?
I read in The Star today about some developers feeling the heat from all the cooling measures undertaken by the government. I seriously believe if their product is the right one for the mass market, there is nothing to fear. Whatever cooling measures undertaken is to ensure the property bubble does not happen and there…
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Penang property prices still going up – REHDA Penang
I read an article in TMI quoting REHDA (Penang), Dato Jerry Chan as saying that prices of land in Penang is still rising and the latest one being RM1,200 psf which was the state government’s land swap deal with Consortium Zenith BUCG which is building the mega RM6.3 billion undersea tunnel and three highways. RM1,200…