HIGH property prices have been an issue, especially for first-time homebuyers, for a while now. In fact, research houses and think tanks, including Khazanah Research Institute and the US-based Demographia, have described property prices in Malaysia as unaffordable. Recognising the seriousness of the issue, various programmes have been implemented by the federal and state governments….
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All Posts in Category Low cost Housing
GEORGE TOWN : The Penang Chinese Chamber of Commerce (PCCC) says it is willing to build the proposed new category of affordable housing units if the state government gives sufficient incentives. Datuk Finn Choong Khuat Seng, convenor of the chamber’s Property Development Construction and Management Committee (PDCMC), said the committee lauds the recent revision by the…
Read MoreVARIOUS house ownership programmes for all levels of income have been allocated for in Budget 2016. Prime Minister Datuk Seri Najib Tun Razak said PR1MA would build 175,000 houses, which will be sold at 20% below market prices, with an allocation of RM1.6bil. He said Syarikat Perumahan Negara Berhad would build 10,000 units of Rumah…
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GEORGE TOWN (Oct 22): The Penang government has once again urged Putrajaya to address the high rejection rate for loan applications to buy low-cost and affordable homes. State housing executive councillor Jagdeep Singh Deo (pictured) said the cheaper the house, the higher the rejection rate for buyers seeking bank loans to purchase the unit. “The cheapest…
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