Penang has announced an extension of the ‘Home Ownership Campaign’ to a new phase, termed ‘Home Ownership Campaign 3.0 Plus,’ from January 2024 to December 2024 and will also be offering a 10% reduction in the prices of affordable homes under the campaign.
Chief Minister Chow Kon Yeow said “On the island, the maximum ceiling price of RM300,000 would be lowered to RM270,000, and on the mainland, the ceiling price of RM250,000 would decrease to RM225,000 for units with a minimum of 850 sq ft,”.
For home buyers, they are urged to update their details through the Penang Housing Board’s housing information system to be eligible for the campaign. The government also introduced a new affordable housing category for B40 families earning between RM3,500 to RM5,000, specifically targeting youths.
