Buying a house can be a daunting idea, especially for those who are just entering the workforce. And it’s no secret that homes in Penang – highly attractive as a place to live, work, play and retire, and with limited land on the island – can be pricey.
In an effort to house as many people who wish to live in Penang as possible, the state government has been taking active measures: in 2011, it established the Public and Affordable Housing Fund with an initial grant of RM500mil. Its purpose was to expand the stock of public and affordable housing – either through the state’s own development projects or through partnerships with the private sector – in all five districts of Penang.
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