Penang Real Estate | Penang Property | Penang Properties: Jambul View & Jambul Court Wanted Urgently

Attention all owners of Jambul View & Jambul Court, Bukit Jambul, Penang,

Should you have intention to sell, kindly contact us asap.

For more information, kindly click the following. Thanks

Penang Real Estate | Penang Property | Penang Properties: Jambul View & Jambul Court Wanted Urgently

Penang Real Estate | Penang Property | Penang Properties: Hot Property For Quick Sale - Putra Place (C60)

Attention Condo Seekers,

Don't miss this lovely condo, High Demand, Low Price. Putra Place Condominium For Quick Sale.

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Penang Real Estate | Penang Property | Penang Properties: Hot Property For Quick Sale - Putra Place (C60)

Minden Height Bungalow Lot / Bungalow Wanted Urgently

Calling for owners of Bungalow Lot / Bungalow at Minden Height, Penang!!!

We have ready buyers looking for Bungalow Lot / Bungalow at Minden Height, Penang. Prefer the land size of 8,000sf onwards but All are welcome as long as the price is right.

For serious sellers of Bungalow Lot / Bungalow at Minden Height, Penang, kindly contact us to further discuss on the sale of Bungalow Lot / Bungalow at Minden Height, Penang. On the other hand, if you know someone who is interested to sell his or her Bungalow Lot / Bungalow at Minden Height, Penang, you are also welcome to contact us. There is no obligation. Thank you in advance.

To contact us, Penang Property. Please click here.

Medan Hikmat Apartment Wanted Urgently

Calling for owners of Medan Hikmat Apartment, Off Perak Road, Penang!!!

We have ready buyers looking for Medan Hikmat Apartment, Off Perak Road, Penang. Prefer 2 car parks but All are welcome as long as the price is right.

For serious sellers of Medan Hikmat Apartment, Off Perak Road, Penang, kindly contact us to further discuss on the sale of Medan Hikmat Apartment, Off Perak Road, Penang. On the other hand, if you know someone who is interested to sell his or her Medan Hikmat Apartment, Off Perak Road, Penang, you are also welcome to contact us. There is no obligation. Thank you in advance.

To contact us, Penang I Property. Please click here.

Vistaria Condominium Wanted Urgently

Calling for owners of Vistaria Condominium, Sungai Ara, Penang!!!

We have ready buyers looking for Vistaria Condominium, Sungai Ara, Penang. Prefer 2 car parks but All are welcome as long as the price is right.

For serious sellers of Vistaria Condominium, Sungai Ara, Penang, kindly contact us to further discuss on the sale of Vistaria Condominium, Sungai Ara, Penang. On the other hand, if you know someone who is interested to sell his or her Vistaria Condominium, Sungai Ara, Penang, you are also welcome to contact us. There is no obligation. Thank you in advance.

To contact us, Penang I Property. Please click here.

Penang Real Estate | Penang Property | Penang Properties: Batu Maung Terrace House For Sale / For Rent

Penang Real Estate | Penang Property | Penang Properties: Batu Maung Terrace House For Sale / For Rent:

Anyone who wish to buy, sell or rent Terrace House in Batu Maung, Penang are welcome to contact us, Penang Property soonest possible. There are a lot of listing about Batu Maung Terrace House For Sale and Rent here.

For listing of Batu Maung Terrace House For Sale or Rent, kindly click on the Label at the bottom of the page.

Please feel free to search it here at Penang Property Blogspot. We shall strive our best to serve you in these area, Batu Maung Terrace House For Sale, For Rent or To buy.

In addition, we assure you that we shall render our professional services to your satisfactory.

In the meantime, you are encourage to post your comment here whether you are looking to buy, let or sell Terrace House in Batu Maung, Penang. Thank you in advance.

To contact Penang Property, click here

For more Penang Property For Sale, For Rent or To Buy, click here

Affordable ways of housing our nation

Last month, readers of this column were “brought around the world” to discover some exemplary public and affordable housing policies implemented in other countries. There are some interesting ideas that were derived from this exploration, which can be enlightening towards building affordable homes for our nation.

Hong Kong, Singapore, London and Australia have their own success stories with regard to building affordable homes. What they share in common is strong enforcement of policies with stringent rules.

Applicants applying for public housing in Hong Kong are required to undergo comprehensive credit tests covering the applicant’s income and assets.

In Singapore, the Housing and Develop­ment Board (HDB) flat owners-to-be are not allowed to own other properties in Singapore or in other parts of the world.

In London, applicants who wish to purchase a council house must own it as their only home and use it for owner occupation.

The Australian government came up with innovative ideas to increase the supply of affordable homes by offering financial incentives to individuals or entities to build and rent houses at 20% lower rental rate to moderate and low income earners.

It is statistically proven that these countries have reaped the benefits of their own respective methods. The question that now begs an answer is: What policies or housing models should we adopt to successfully house our own nation?

To deal with housing issues that involve population growth, income and development levels, there is no one model that fits all. What we can do is to learn from successful models and customise them to meet our requirements. It would even be better if we could successfully come up with our own model.

Earlier this year, our government set a goal to deliver one million affordable and low-cost homes to the public within the next five years. This is equivalent to an average of 200,000 homes annually. An institution, 1Malaysia People’s Housing (PR1MA) was set up primarily to build affordable homes and has been reported to have targeted 80,000 homes in the first year with slightly over 100,000 in the subsequent years.

The vision to build affordable and low-cost homes is applauded. Yet, questions of how it is to be achieved remain real. For instance, where should these houses be built? How to make these houses affordable to the rakyat? What regulations need to be put in place to ensure affordable housing is only owned by deserving families?

Universally, public housing is subsidised by the government due to cost and resource considerations. Land, for example, is the most crucial element in any housing development. Scarcity of land leads to costly land prices, especially in the city. The price of materials to build homes has increased over the years.

Therefore, without some form of government incentive or subsidy, it is virtually impossible for private developers to sell affordable, let alone low-cost homes.

The government can materialise its vision by providing aid in other forms. Since a lot of land resources are owned by the government, it can offer subsidies or incentives to private developers to use the land for public housing development.

Certain land belonging to government agencies, such as theRubber Research Institute (RRI), are very large and strategically located and are among the potential areas that the government can consider releasing to build affordable homes.

Another good policy would be to encourage the development of new townships in outlying areas rather than focusing on already developed and highly populated areas. Not only are these lands considerably cheaper, it would also alleviate the burden of over-crowded cities.

The government can build transportation infrastructure, including fast commuter rail and MRT along with other amenities such as schools and commercial hubs, to allow these new townships to prosper.

Besides looking at ways to build more affordable homes, addressing the delivery of the homes is equally important. PR1MA targets to deliver homes with prices ranging from RM100,000 to RM400,000 to the middle class with an average monthly household income of RM2,500 to RM7,500.

According to the information published on its website, PR1MA homes must be owner occupied, and a 10-year moratorium will be imposed, in which the property cannot be sold or transferred to another party without prior approval.

Additional consideration should include devising a comprehensive mechanism to determine qualified applicants and whether to impose any restriction on owning other property before applying for a PR1MA house.

The recommendations shared thus far are among the ideal policies and guidelines the government should consider seriously if it is to achieve its vision of housing the nation. The next critical success factor is to ensure the policies and guidelines are strongly enforced without any leakage that may sabotage the vision and leave deserving families in the lurch.

FIABCI Asia-Pacific Regional Secretariat chairman DatukAlan Tong has over 50 years of experience in property development. He is also the group chairman of Bukit Kiara Properties.

For feedback, email feedback@fiabci-asiapacific.com - The Star

Penang Real Estate | Penang Property | Penang Properties: Projects by IJM in Penang

Listed on the Main Board of Bursa Malaysia, IJM’s Property Division is one of the largest property developers in Malaysia with a strong presence in key market centres throughout the country. A trusted developer with an impressive portfolio of projects, IJM Land Berhadalso boasts one of the largest land banks in the country. Beyond the shores of Malaysia, we are highly regarded as an exceptional property developer in many countries including Singapore, China and India.

This success can be attributed to the fact that IJM Land takes great pride in the longevity of our developments. More than just building houses and retail outlets, we are committed to creating sustainable lifestyles and communities for future generations.

IJM Land’s properties are always in demand as they offer consumers a great range of living options to choose from, exceptional value and a return-on-investment that exceeds all expectations. Our wide variety of offerings includes residential and commercial developments, integrated townships and investment properties.

There are a numberous projects which have been developed by IJM in Penang Island and they are among one of the most sought after properties in Penang. 

Below are some of the IJM residential projects in Penang and please click on it if you are looking for more information about these projects:-

1. Alpine Tower
2. Lakeside Towers
3. Nautilus Bay
4. Parkview Towers
5. Platino
6. Sierra Vista
7. Sri Pangkor
8. Sri York
9. Summer Place
10. The Collection I
11. The Collection II
12. The Light Linear
13. The Light Point
14. The Spring

For listing of sale or rent about IJM's Projects in Penang, kindly click on the Label at the bottom of the page. 

To contact us, Penang Property, please click here. Thanks

Penang Real Estate | Penang Property | Penang Properties: Projects by IJM in Penang

Penang Real Estate | Penang Property | Penang Properties: Pulau Penang Apartment For Sale / For Rent / To Buy

Penang Real Estate | Penang Property | Penang Properties: Pulau Penang Apartment For Sale / For Rent / To Buy:

Pulau Penang Apartment For Sale / For Rent / To Buy
Pulau Penang Apartment For Sale, For Rent or To Buy.

If you are looking for Pulau Penang Apartment For Sale, For Rent or To Buy, you are welcome to visit Penang Real Estate / Penang Property blogspot, you may find what you are looking for in Penang Real Estate / Penang Property .

We shall strive our best to serve you in this area, Pulau Penang Apartment For Sale, For Rent or To Buy. Therefore please feel free to contact us.

For listing of Pulau Penang Apartment For Sale or Rent, kindly click on the Label at the bottom of the page. Thank you in advance.

To contact Penang Property, click here

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Penang Real Estate | Penang Property | Penang Properties: Mutiara Height Condominium Wanted

Attention: All owners of Mutiara Height Condominium, Jelutong, Penang

If you are interested to sell your house at Mutiara Height Condominium, Jelutong, Penang, please contact us now. We have buyer awaiting you.

Penang Real Estate | Penang Property | Penang Properties: Mutiara Height Condominium Wanted