In April, deputy finance minister Ahmad Maslan said Penang has 3,593 units of unsold property valued at RM2.74 billion.
She said that her daughter, who is in her 20s and works at a hotel on the island, has had to buy a home in Bertam, Kepala Batas, as prices are more affordable in Seberang Perai Utara. With house prices hitting RM300,000, John, who turns 50 soon, is worried he may not be able to secure a loan to finance his purchase.
Launched on Aug 1, the PH-BN manifesto for Penang promises to build 220,000 affordable housing units.
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