The Malaysia Property Exhibition (Mapex) 2015 being held here has attracted many young couples looking for the right property to invest in.
Real Estate and Housing Developers' Association Malaysia (Rehda) Penang chairman, Datuk Jerry Chan said the property fair, themed "A New Year, A New Home", has helped many Malaysian home-buyers to purchase their dream homes at affordable prices.
"It has also helped generate demand for housing and ensure sustained growth of the housing and property industry," he said in his speech at the launch of Mapex 2015 by Chief Minister Lim Guan Eng here Saturday.
Chan said Rehda Penang has come a long way to become the leading voice of the real estate and housing industry.
"Rehda has been engaging the state government and government agencies to resolve the challenges faced by the industry in the face of economic uncertainties as well as rising construction and compliance costs.
"As an industry, the real estate and housing industry shares the government's vision and mission of providing adequate, quality and affordable housing for the people," he said.
He said one of the ways is reviewing residential property plot ratio guidelines further to allow developers to bring down the cost of building and thus provide more affordable housing for Penangites.
"Rehda Penang always realises the importance of giving a helping hand to those in need especially the less fortunate communities. We aspire to establish ourselves as a compassionate and responsible entity through Corporate Social Responsibility (CSR) initiatives," he said.
Lim, in his speech, said the theme "A New Year, A New Home" is in line with the state government's efforts to ensure that genuine qualified first-time buyers are able to own a home under the new housing rule which took effect on Feb 1, 2014.
"This ruling is intended to protect existing and emerging affordable housing stocks, curb speculation and assist low-income groups to have a roof over their heads," he said.
Lim said the Penang house price index rose from 116.6 in the third quarter of 2003 to 218.2 by the third quarter of 2013.
"Penang has seen property prices doubling since 2003. House prices have been increasing 8.6 per cent annually while the average household income has increased by 5.4 per cent.
"This means house prices have increased faster than income, which leaves an affordability gap," he said.
Mapex Penang, jointly organised by Rehda Penang and Henry Butcher Malaysia Penang, started yesterday and ends on Tuesday. Its 13 major participants include IJM Land Bhd, Chong Co Sdn Bhd, IOI Properties Sdn Bhd and Ideal Properties Sdn Bhd.
Bernama
Sun Feb 22 2015
The theme "A New Year, A New Home" is in line with the state government's efforts to ensure that genuine qualified first-time buyers are able to own a home under the new housing rule - Filepic
10 Berita Pilihan - (16 Julai 2024
Antara pelbagai berita dalam dan luar negara yang disiarkan di Astro AWANI, berikut adalah yang paling menjadi tumpuan sepanjang hari ini.
PAC beri tempoh tiga bulan kepada HRD Corp
Jawatankuasa Kira-kira Wang Negara (PAC) memberi tempoh tiga bulan kepada Perbadanan Pembangunan Sumber Manusia (HRD Corp) untuk mengemukakan laporan tindakan susulan terhadap syor jawatankuasa itu.
Kylian Mbappe tandatangan kontrak dengan Real Madrid
Bintang bola sepak Perancis Kylian Mbappe menandatangani kontrak selama lima tahun dengan kelab Sepanyol Real Madrid pada Selasa.
Pelepasan ketujuh air sisa nuklear Fukushima ke laut selesai
Jepun telah menyelesaikan pusingan ketujuh pelepasan air sisa radioaktif yang dirawat dari loji kuasa nuklear Fukushima Daiichi ke Lautan Pasifik pada Selasa.
Empat termasuk kapten maut dalam pertempuran
Empat anggota tentera India termasuk kapten meninggal dunia akibat kecederaan selepas pertempuuran pada malam isnin di Hutan Desa.
Pakistan sahkan 4 warganya terbunuh di Oman
Pakistan berkata pada Selasa empat warganya terbunuh dalam insiden tembakan pada malam Isnin berhampiran ibu negara Oman, Muscat.
Lima terbunuh, puluhan cedera dalam protes antikuota di Bangladesh
Sekurang-kurangnya empat orang terbunuh dan puluhan lagi cedera dalam pertempuran antara pelajar yang memprotes sistem kuota dalam pekerjaan sektor awam dan polis di pelbagai bahagian Bangladesh pada Selasa.
Kerajaan cadang perkenal pembiayaan swasta
Kerajaan menyasarkan untuk memperkenalkan pembiayaan swasta alternatif bagi memastikan kemampanan kewangan program sektor air, sekali gus mengurangkan kebergantungan pada perbelanjaan kerajaan dan mengukuhkan daya tahan.
Saya tak fitnah Guan Eng, cuma jelaskan siasatan SPRM - Muhyiddin
Presiden Bersatu Tan Sri Muhyiddin Yassin memberitahu Mahkamah Tinggi Kuala Lumpur hari ini bahawa beliau tidak memfitnah Lim Guan Eng berhubung isu pengecualian cukai terhadap Yayasan Albukhary
KPT alu-alukan dapatan, cadangan PAC - Zambry
Ini termasuklah cadangan pelaksanaan Garis Panduan Pelaburan dan Pembiayaan oleh Universiti Awam 2024 kepada anak-anak syarikat di bawah seliaan Kementerian Pendidikan Tinggi (KPT).