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RM276 Per Square Foot Should Be Yardstick For Affordable Homes

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GEORGETOWN – Penang Gerakan today proposed that the price of RM276 per square foot for a bungalow bought by Penang Chief Minister Lim Guan Eng be made the yardstick for all affordable homes in the state.

The proposal was made by state Gerakan Youth Public Complaints Bureau chief Jason Loo as Lim was said to have bought the bungalow in Jalan Pinhorn at that price whereas affordable homes in the state were now being sold at RM600 per square foot.

He said Lim bought the 10,161-square foot bungalow last year at RM2.8 million which works out to RM276 per square foot

“Why does Lim have the privilege of buying a bungalow in an exclusive area at only RM276 per square foot while the people of Penang have to pay a higher price for an apartment.

“I want the state government to give serious consideration to this proposal which will help the people of Penang own their own homes,” he told reporters here Tuesday.

Loo said affordable homes in the state were priced from RM400,000 onwards but at RM276 per square foot, they would not be more than RM300,000 per unit.

“Many of the affordable home projects such as Quay West in Bayan Mutiara, 98 Nibong Residence in Sungai Nibong and Tri-Pinnacle in Mount Erskine have exceeded RM600 per square foot, with each unit costing more than RM400,000,” he said.

Loo suggested that state Town, Country and Housing Committee chairman Jagdeep Singh Deo should consider reviewing the price of affordable homes in Penang.

He said the problem faced by buyers to get a housing loan caused by the high price of affordable homes would also be resolved if the state government followed the yardstick of RM276 per square foot.

Lim’s purchase of the bungalow became an issue when it was raised in the Dewan Rakyat by Tasek Gelugor Member of Parliament Datuk Shabudin Yahaya last Thursday.

He had asked the Valuation and Property Services Department to conduct an evaluation on the property worth RM2.8 million when the current price of the house was more than RM3 million.

Meanwhile, Gerakan’s Tanjong division vice-chairman H’ng Khoon Leng lodged a police report at the Jalan Patani police station calling for a probe on possible abuse of power by the state government in the sale of Taman Manggis Fasa 2 land in Jalan Burmah here.

He was accompanied by Penang UMNO Public Complaints Bureau head Dr Shaik Hussein Mydin.

Timur Laut district police chief ACP Mior Faridalatrash Wahid, when contacted, confirmed receiving the report and also two other reports on the issue of the chief minister’s purchase of the bungalow. – BERNAMA

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