Penang state government will allocate low cost, low medium cost and other types of affordable housing to talented and skilled Malaysians to retain them in Penang.
According to State Housing and Town & Country Planning Committee Chairman, Jagdeep Singh Deo, the state’s Selection Process Enhancement Committee (SPEC) had agreed to a proposal by Invest Penang that certain percentage of the houses be allocate to such people who are gainfully employed in Penang and are contributing to the economy of Penang.
Hence, in making the proposal, Invest Penang referred to a survey that it had conducted whereby it was forecast that 13,088 new jobs would be required by the private sector in the fields of engineering, accountancy and technology by 2017.
“As such, SPEC has agreed to adopt this proposal, subject of course, to all other eligibility criterion being met.
“However SPEC decided not to reserve certain percentage of projects available to this category, but will consider applications on a case to case basis, as we will also have to cater to the already existing applicants on the waiting list,” he told a press conference recently.
Moreover, in order to avoid this new category being subject to abuse, the applicant will also have to undertake to be in Penang for a minimum of five years from the date of handover of keys of the said affordable housing units.
Farah Wahida, Editor of PropertyGuru, wrote this story. To contact her about this or other stories email farahwahida@propertyguru.com.my
