THE 5G Demonstration Project (5GDP) in Penang is expected to roll out by the second week of December.
State local government, housing, town and country planning committee chairman Jagdeep Singh Deo said the targeted rollout is on Dec 16.
“We have submitted six initiatives, four from the state and two from the private industry sector.
“The 5G initiative is not only for smart cities.
“In Penang, there are three categories in which 5G will prove to be beneficial – manufacturing, tourism and smart city initiative.
“It doesn’t stop there. I told the government agencies and the private sector to look for more, and continuously give Malaysian Communications and Multimedia Commission (MCMC) the list, ” he said after attending the Penang Smart Roadshow 1.0 and Smart Cities Asia 2020 Nationwide Tech-Talk at Penang Tech Dome on Wednesday.
Jagdeep was among the panellists during a discussion on the future prospects in smart cities. The other panellists were from Singapore, Korea and the Netherlands.
On a separate matter, Jagdeep urged prospective buyers, especially those who had been rejected by banks for loans to buy their first-time affordable home, to come forward and register with the Housing Department.
“We want more to come forward because this fund’s allocation of RM10bil is a huge amount.
“Although the cap by the Federal Government is 500,000 units, I still want to concentrate on my low-cost and low medium- cost stock.
“At this juncture, we have 2,100 existing units available.
“Apart from the buyers, I also want to call upon developers who have overhang units.
“I would like them to inform the Housing Department of their projects valued up to RM500,000, which are still available for us to match.
“We are going to become the ‘matchmaker’ now.
“I’ve got the stock to match my demand, ” he said.
Jagdeep added that the RM10bil fund allocated by the Federal Government under Budget 2020 for first-time affordable housing up to 500,000 units by way of Rent to Own (RTO), is expected to roll out in January.
“This is a very important development because one of the reasons for this RTO scheme is to overcome local rejection rates by first-time homeowners.
“We are made to understand that the concept of this RTO is by way of buying up the existing units and then renting it out through Maybank.
“So, Maybank will become the landlord but the eligible buyer will have to go through scrutiny by the Housing Department.
“Not everyone is eligible, they have to satisfy conditions, and it will be up to the state.
“Now, we will find the eligible buyers and we will give their names to Maybank, ” he said.
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