Penang developers plan RM4.7bil worth of affordable houses


Artist's impression of Ivory's mixed-development project in Tanjung Tokong.

GEORGE TOWN: The Penang property scene, which has seen prices soaring to new levels in the last two years, will see new affordable properties with a gross development value (GDV) of RM4.7bil entering the market in prime locations over the next three years.

Besides the pricing, which ranges between RM300,000 and RM650,000 depending on location, other attractions of these properties are their size, which ranges between 850 sq ft and 1,000 sq ft, and the facilities provided.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Penang , property , houses affordable , homes ,

Next In Business News

Local institutions extend net buying streak to six weeks on Bursa Malaysia
Ringgit opens higher against greenback on improved sentiment
FBM KLCI little changed as oil prices fall below US$100/barrel
Trading ideas: Ann Joo, ADE, Critical, SCIB, OSK, Eonmetall, I-Bhd, Favelle, MSM, Alliance Bank, Farm Fresh, paramount, CSC, Hibiscus, PBA, MSC, JAG, Taliworks
Adyen: Insurers eyeing end-to-end digital ecosystem
Uber mulls US$12bil bid for Delivery Hero
Energy transition to bolster debt issuance
Cost pressures cool property demand
Encouraging prospects for TM
M’sian travellers most influenced by social media

Others Also Read