Perda: Land for cheap homes

NIBONG TEBAL: A piece of land near here was sold below market price to a developer because the Penang Regional Development Authority (Perda) wanted affordable houses built there.

Perda chairman Datuk Shabudin Yahaya said the land was sold on the condition that the buyer must only build homes of RM42,000, RM72,000 and up to a maximum of RM200,000.

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