Penang Government’s Affordable Housing Progress and Vivo Executive Apartment Launch
In line with the Penang2030 Vision, the Penang government has provided 170,000 affordable housing (RMM) units so far, with plans to deliver 220,000 units by 2030. The initiative aims to help low- and middle-income groups secure homeownership, benefiting nearly one million people in Penang, which has a population of 1.8 million.
Penang’s Commitment to Affordable Housing
At a recent press conference following the Exclusive Reveal of Vivo Executive Apartment by Aspen Vision City Sdn Bhd, State Housing and Environment Committee chairman Datuk Seri S Sundarajoo reiterated the state government’s commitment to affordable housing. He highlighted that the state is on track to meet its target of 220,000 affordable homes by 2030, with 50,000 units still in progress.
“The Penang government is deeply concerned for the people, and this is probably one of the only states that provides affordable housing for more than 50% of the population,” Sundarajoo stated, emphasizing that achieving the target would positively impact nearly half of the state’s population.
Pricing and Eligibility for Affordable Housing
The affordable housing units offered by the state government are priced between RM42,000 and RM250,000 on the mainland and RM42,000 to RM300,000 on the island. Each application undergoes a thorough eligibility verification process, which, while ensuring fairness, can sometimes result in longer waiting times. Sundarajoo mentioned that efforts are underway to streamline the process and reduce waiting times to better serve potential homeowners.
However, Sundarajoo also acknowledged the challenges faced by the middle-income group who often find themselves in a dilemma—ineligible for affordable housing yet unable to afford high-end properties priced above RM600,000. He expressed his support for developers like Aspen that provide options for medium-range condominiums, helping to fill this gap in the housing market.
Vivo Executive Apartment: A Step Towards Sustainable Living
The launch of Vivo Executive Apartment is a significant addition to Penang’s real estate landscape. Priced from RM406,000, Vivo is designed to offer residents a balanced, sustainable lifestyle. The development is strategically located in Aspen Vision City, a prime location that emphasizes eco-friendly living.
Aspen Vision City is developed with a strong focus on sustainability, incorporating eco-city guidelines that integrate energy efficiency, green practices, and community well-being. State Local Government, Town and Country Planning Committee chairman H’ng Mooi Lye remarked that the development of Vivo Executive Apartment serves as an exemplary model of modern living harmonized with environmental responsibility.
Amenities and Features of Vivo Executive Apartment
Vivo Executive Apartment offers more than 30 world-class amenities to enhance the living experience of its residents, including:
- Olympic-sized swimming pool
- Basketball court
- 300m jogging path
- Retail units on the ground floor
These amenities reflect Aspen’s commitment to creating thoughtfully planned developments that promote health, wellness, and convenience for residents while aligning with Penang’s sustainability goals.
Conclusion
With 170,000 affordable housing units already delivered and 50,000 more in the pipeline, the Penang government is making significant strides in providing affordable homes to its residents. In tandem, developments like Vivo Executive Apartment are setting new benchmarks for sustainable urban living and affordable housing options for the middle-income group. As Penang moves towards achieving its Penang2030 Vision, both government and private sector initiatives are working together to meet the growing demand for housing while ensuring environmental responsibility and community well-being.
