GEORGE TOWN: Buyers in Penang’s largest affordable housing project in Batu Kawan on the mainland near the second bridge can move in by mid-2018, the state assembly heard today.
State executive councillor for housing Jagdeep Singh Deo said 11,800 units of homes ranging from RM72,500 to RM300,000 are expected to be completed by the end of this year.
“Those who applied successfully for the Bandar Cassia homes will receive their keys by the middle of next year,” he said in his winding-up speech.
Jagdeep said there were 17 affordable homes projects comprising 27,230 units planned by the state government.
Private developers will build another 36,759 units in 18 different projects.
The Bandar Cassia project is one of two affordable housing projects announced by the Penang government in 2011. The other is in Jalan SP Chelliah, George Town, where construction was in progress.
The Bandar Cassia project is built by state agency Penang Development Corporation and designed by Singapore’s HDB architects, Surbana Jurong.
The project involves nine-storey and 20-storey blocks built on 80ha of land.
According to Surbana, a waterway and a green spine will run through the site. Amenities will include food courts, shops, markets, a mosque, and a clubhouse.
The units are only made available to Penangites with a combined household income of RM3,500 to RM10,000 per month.
Many high-end developments are set to take place in Bandar Cassia. The RM1 billion Premium Outlets mall opened there last year. Soon to open is a branch of Swedish home furnishing store IKEA.
KDU University College and UK’s University of Hull will also set up branch campuses nearby.
Major industrial players such as Bose, Honda, HP and SanDisk have expressed interest in opening shop there as well.
A theme park and a golf club are also expected to be developed soon.