ARE PENANGITES PAYING MORE FOR LOW-MEDIUM COST PROPERTY?

The DAP-led state government has been taken to task by the opposition to answer the need to pay additional cost in purchasing a low-medium cost (LMC) property in Penang.

Umno liaison committee chairman Zainal Abidin Osman said LMC units in The Rise at Jalan S.P Chelliah was initially priced at RM72,500.

“I am surprised how has the price has now increased to RM140,000 and RM100,000 as reported in Roketkini.

“It was also reported that the state government had bought the RM140,000 unit to be sold at RM72,500 to the bumiputras.

“My question is since when the housing price was RM100,000 or RM140,000?,” he asked.

Zainal said the amount paid to the developer, including the car park, does not tally.

He further eloborated that one LMC unit is priced at RM72,500 while the car park is priced at RM25,000.

“Adding both the cost sums up to RM97,500 only.

“Hence, why it was reported in Roketkini that the units  at The Rise are priced at RM140,000 and RM100,000 and that the state government has absorbed RM25,000 to help the muslims?,” he said in a statement today.

Meanwhile, Zainal also questioned the authorities why the bumiputra slot allocation amounting RM67,500 for each unit is given to the local council instead of the people.

“There are 320 bumiputra units in which per unit allocation is about RM 67,500.

“Why does the allocation of RM21.4 mil needs to be submitted to the Penang Island City Council (MBPP) as a ‘sumbangan’ (donation)?

“It is stated that the ‘sumbangan’ is to cover  MBPP’s cost for its loss in giving up its land to the state government,” he asked.

Last year, Zubicon Sdn Bhd. ,with the collaboration of Penang Development Corporation , built a total of 2,093 LMC and affordable units on MBPP’s 11.04 acre land in Jalan S.P Chelliah.

A total of 770 LMC units were priced at RM72,500 each while remaining affordable houses priced at RM200,000 (883 units), RM300,000 (165 units) and RM400,000 (275 units) respectively.

It was also reported that the local council’s move of giving up the land to state government to build the LMC and affordable housing was part of their corporate social responsibility (CSR). – http://www.malaysiaoutlook.com/

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