SkyWorld and PDC Collaborate on Malaysia’s Largest Affordable Housing Initiative
SkyWorld Development Bhd has joined forces with Penang Development Corp (PDC) and its subsidiary PDC Properties (PDCP) to embark on a groundbreaking affordable housing initiative in Penang. The project, valued at RM13 billion, spans 195.54 acres in Seberang Jaya and Batu Kawan and aims to deliver over 35,000 affordable housing units targeted at the M40 income group.
A Visionary Affordable Housing Project
The collaboration, formalized in a ceremony attended by Prime Minister Datuk Seri Anwar Ibrahim, Housing and Local Government Minister Nga Kor Ming, and Penang Chief Minister Chow Kon Yeow, underscores a commitment to addressing Malaysia’s housing crisis.
The project will feature:
- 900 sq ft units equipped with amenities like swimming pools, gyms, and playgrounds.
- Pricing between RM225,000 and RM420,000, catering to households earning less than RM11,800 per month.
- A construction timeline spanning 15 years.
Accelerating Housing Development Approvals
In his address, PM Anwar Ibrahim emphasized the importance of expediting submission processes to reduce costs and fast-track construction timelines.
“By cutting approval timelines from a year to three months, costs per unit could be reduced by RM5,000 to RM10,000. This project is an opportunity to showcase efficiency in affordable housing development,” said Anwar.
He highlighted the critical need for housing that supports family life, particularly in urban centers like Penang, Kuala Lumpur, and Johor Bahru.
Meeting the 12th Malaysia Plan Target
Housing Minister Nga Kor Ming affirmed that the government is on track to meet its 12th Malaysia Plan (12MP) target of delivering 500,000 affordable homes by 2025.
With 443,000 units already secured—89% of the target—the Penang initiative will play a significant role in achieving this goal.
Why This Project Matters
Chief Minister Chow Kon Yeow highlighted that the project represents a strategic solution to Penang’s housing challenges.
Key details include:
- 34.04 acres in Seberang Jaya and 161.5 acres in Batu Kawan dedicated to the project.
- Units designed to offer modern amenities while remaining accessible to middle-income families.
“The project is not only a milestone for Penang but also a blueprint for tackling Malaysia’s broader housing issues,” said Chow.
SkyWorld’s Proven Excellence
SkyWorld Development Bhd, recognized for its award-winning projects, is poised to deliver on this ambitious plan.
The developer’s achievements include:
- Two consecutive World Gold Awards from the Fiabci World Prix d’Excellence Awards.
- A reputation for high-quality, sustainable developments.
A Blueprint for Future Housing Projects
This Penang initiative demonstrates how public-private partnerships can drive impactful solutions for affordable housing. The project will create a thriving community with accessible amenities, ensuring meaningful improvements in the quality of life for its residents.
By focusing on affordability, sustainability, and family-oriented designs, this development sets a new benchmark for housing projects in Malaysia.
