Just two months after coming into power, the Pakatan Harapan government has already surpassed the 75,361 affordable housing units pledged under the GE14 manifesto.
This comes as the state government of Penang has already provided 80,604 medium-cost, low-cost and affordable housing units, reported Bernama.
Of these, 28,442 units were already completed and several more projects were under way, said State Housing, Local Government, Town and Country Planning Committee chairman Jagdeep Singh Deo after chairing a state housing committee meeting last Friday.
“So far, 22,065 low-cost, medium-cost and affordable housing units are being built in the state while 30,097 units have been approved.”
The Datuk Keramat assemblyman revealed that the state government, via the Penang Maximum 80 percent Maintenance Fund (TPM80PP), has also approved RM23 million for projects between 2013 and July this year. This included projects to replace, upgrade and carry out maintenance of lifts, roofs and water tanks through a private housing scheme.
Launched three years ago, the 1Malaysia Maintenance Fund (TP1M), on the other hand, will be rebranded and continue to be managed by the federal government, said Jagdeep.
Meanwhile, the pledge to build public homes under the rent-to-own scheme has also been fulfilled with the approval of two projects in Kampung Tok Suboh and Mak Mandin.
“The two projects will provide 301 low-cost units where the buyers will rent the property until it is paid in full,” added Jagdeep.
Image sourced from Malay Mail
This article was edited by the editorial team of PropertyGuru. To contact them about this or other stories email firstname.lastname@example.org