Affordable housing move

Developers who opt to build 87 housing units per acre (0.4ha) on Penang island will now have to allocate 15% of their projects for units priced between RM200,000 and RM300,000.

This is an increase of 5% as the previous requirement for such units for that plot ratio was 10%, said Penang Municipal Council (MPPP) councillor Felix Ooi Keat Hin.

He said developers who take up the plot ratio were able to build more units and, as such, they needed to also build more affordable ones too.

“It is an initiative by the state to build more affordable housing,” Ooi said at a full council meeting at the City Hall in the Esplanade, Penang, yesterday.

He said developers who opted for that plot ratio also had to allocate 5% of their project for units priced RM200,000 and below, and 5% for units priced between RM300,000 and RM500,000. - By Christopher Tan (The Star)

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