Exco: Over 60% of residents in state could benefit from Rumah MutiaraKu units
MORE housing developments are expected following implementation of the Penang Mutiara Line LRT project, says state housing and environment committee chairman Datuk Seri S. Sundarajoo.
He said the project would help Penang deliver 220,000 Rumah MutiaraKu (RMKu) homes by 2030, with about 180,000 units already completed or under construction.
The 29.67km LRT line is expected to commence operations in December 2031, based on the current schedule.
“Penang’s population is about 1.8 million, which means more than 60% of residents could benefit from Rumah MutiaraKu homes across various price categories.
“With the LRT in place, we expect more housing developments to come on stream.
“I am confident we can achieve the target,” he said after a site visit to the RMKu Foreshore Residence project in Jalan CY Choy, George Town.
RMKu is Penang’s flagship affordable housing initiative, rebranded in January 2025 to replace the previous Rumah Mampu Milik (RMM) programme.
The scheme aims to increase home ownership among eligible Penang residents by offering price-controlled units, zoned allocations, along with a clearer eligibility and delivery framework.
Under the scheme, price-controlled categories remain in place across all zones – Type A, B and C units, as well as the newly introduced Type D category.
Price ceilings range from RM42,000 for Type A units and RM72,500 for Type B units to between RM150,000 and RM300,000 for Type C1 to C3 units, depending on size and location.
The Type D category, with a price ceiling of RM400,000, is aimed at households earning up to RM15,000 a month.
These units cannot be resold on the open market.
On claims that affordable housing development was focused only on the island, Sundarajoo said the projects were being developed across both the island and mainland.
However, he said higher land prices on the island meant most projects there were concentrated in the Type B and C categories, particularly C3 units with a ceiling price of RM300,000 each.
He said affordable homes priced from RM72,500 were still available on the island, particularly in Teluk Kumbar and Balik Pulau.
Sundarajoo said lower land costs on the mainland enabled developers to offer more affordable housing, including high-rise units priced between RM42,000 and RM250,000, while some landed homes in north and south Seberang Perai districts were still available below RM450,000.
He added that some developers helped first-time house buyers by absorbing the 10% down payment.
On the RMKu Foreshore Residence, Sundarajoo said 482 affordable homes would soon be handed over to the buyers after issues delaying the project were resolved.
The development comprises 80 RMKu C2 units priced up to RM200,000 and 402 RMKu C3 units priced up to RM300,000.
Sundarajoo said 51 residents from the area had each been allocated a unit under the development.
“The value of the homes they are receiving surpasses the amount of rental they have been paying,” he said.
