PENANG will definitely rebrand its budget-friendly actual property program Rumah Mampu Milik to Rumah MutiaraKu starting 2025.
State actual property and setting board chairman Datuk Seri Sundarajoo Somu claimed the relocation supposed to domesticate a extra highly effective feeling of possession amongst receivers of the budget-friendly properties.
He launched this all through his winding-up speech on the Penang state authorized organising.
Sundarajoo claimed this effort straightened with the Penang 2030 Agenda, which supposed to provide 220,000 budget-friendly actual property gadgets as part of its progress aims.
“As of Oct 31, the state had achieved 73.94% of this target, with 162,689 units accounted for,” he claimed.
“These comprised 51,680 units built followed by 22,456 units under construction and 88,553 units in the planning phase,” he included.
To replenish the costs void for budget-friendly residences in between classifications B1 valued at RM72,500 and C1 valued at RM150,000 every, Sundarajoo claimed the state offered a brand-new B2 classification.
Each B2 system is valued at RM100,000 with a minimal 750sq ft location and with out equipping.
