GEORGE TOWN: At least one-fifth of the Penang South Reclamation (PSR) land will be used for affordable housing units, said state executive councillor Jagdeep Singh Deo.
The Housing, Town and Country Planning and Local Government Committee chairman said the proposal was tabled and approved during an exco meeting.
“The first PSR island would take between 10 and 15 years to complete and, by that time as the Penang population increases, so will the demand for affordable housing,” he told a press conference here yesterday.
Jagdeep said the state government would require an adequate number of low- and low-medium cost units as well as affordable housing units as the number of applicants was increasing each day.
“At the end of the day, we need to have enough housing units to ensure that every Penangite will have a own roof over their head,” he said.
Under the PSR project, the state government is proposing to reclaim three man-made islands totalling 1,821.08 ha stretching south of Penang International Airport to Permatang Damar Laut to create a land bank to fund the Penang Transport Master Plan (PTMP).
The PTMP is an initiative of the state government, estimated to cost RM46 billion, encompassing an undersea tunnel connecting the island to the mainland, highways and an LRT, monorail and bus network on the island as well as Seberang Perai.
Earlier, Jagdeep visited the construction site of Iconic Vue, a 26-storey block of flats consisting of 232 affordable housing units, in a low-density neighbourhood of Batu Ferringhi.
The flats are expected to be completed by November and to date, 228 units have been sold.