News: Federal Government Adopts Penang’s Housing Formula

May 13, 2019

With the state leading in various areas, particularly in the implementation of housing policies, the Federal Government adopted Penang’s formula on housing after Pakatan Harapan took over in 2018, revealed Housing, Town and Country Planning and Local Government Committee Chairman Jagdeep Singh Deo.

According to him, 102,054 units of affordable, low-cost and low medium-cost housing have either been built, are being built or approved to be built in Penang to date, reported The Star.

“This is far higher than the 75,531 units pledged in Pakatan Harapan Penang’s GE14 manifesto to be delivered by 2025,” he said while presenting the successful projects under his portfolio since last year’s May general election.

Under its 80 percent Maintenance Fund programme for housing units valued up to RM150,000, the state spent RM32 million on 370 projects across eligible private housing schemes.

“We have also spent RM174.6 million in maintaining some 50 public housing schemes since 2008 in Penang…We will continue with this programme,” he said.

Meanwhile, the state’s effort to be a smart state is also in full swing with the installation of LED street lights – a first such plan in Malaysia.

The project is expected to be completed on the mainland and the island in five years.

“We were also the first to install facial recognition CCTVs…A total of 1,175 units were installed, although our pledge was only for 1,000 units,” said Jagdeep.

“Through a pilot project under YTL Communications (YES) Sdn Bhd, we brought the Terragraph WiFi network to the island’s heritage zone which can deliver 170mbps, touted as one of the fastest in the world.”

Check out: Our comprehensive guide to housing schemes in Malaysia

He noted that the state’s “smart parking system at council-run parking lots using application and e-wallet payment” is also expected to be completed within two years.

To combat the effects of climate change within the state, the Penang Island City Council as well as Seberang Prai Municipal Council have also been instructed to raise the number of trees to be planted to 200,000 from 100,000 trees.

Jagdeep added that the local plans on the mainland and the island will also be finalised in the near future, given the impending approval by the state and National Physical Planning Council of the Penang Structure Plan 2030.

“Reclamation of Gurney Wharf is expected to be completed in three months. Work on the components will follow suit…The aim is to give Penangites and visitors a beautiful new promenade along the seafront with a skate park, shops, viewing decks and a children’s playground,” he said.

“Public toilets and disabled -friendly facilities will also be provided.”

Other initiatives include the Green Connector project as well as the North and Eastern Shorefront projects, said Jagdeep.


Image source from Jordan


Let us help you determine your eligibility and how much the banks will loan you using our ‘Home Loan Pre-Approval’, with a 99.9% accuracy! Click here.

agent image
agency logo
Leena .
Senior Real Estate Negotiator
REN: 07574
(+60) 18-6697338