Penang to introduce new category of affordable housing prices at S$29,000 for young graduates

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Penang to introduce new category of affordable housing prices at S$29,000 for young graduates
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GEORGETOWN — The Penang Government is planning to introduce a new category of affordable housing for households earning a combined income of RM5,000 (S$1,459).

The Penang Government is planning to introduce a new category of affordable housing for households earning a combined income of RM5,000 .State Housing and Environment Committee chairman S Sundarajoo said the proposal would be brought to the state executive council and state planning committee for approval."We see a need to introduce this new category of affordable housing as there is none now for households earning a combined income of RM5,000.

Mr Sundarajoo said the state government and federal government, under the unity government umbrella, are working together to develop a new housing scheme for young newlyweds and singles through the implementation of the Projek Perumahan Rakyat Kota Giam in Jelutong."We are providing the encumbrance-free land while the project will be undertaken by the Housing and Local Government Ministry.

Mr Sundarajoo also said that the Housing Outcome Performance Committee which met on Sept 14, had approved a total of 915 names as qualified buyers.

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