00:00The Penang government has decided to broaden a targeted 5% housing discount on about 3,000 unsold properties to all buyers, reversing an earlier campaign that was limited to Indian Muslims.
00:14Chief Minister Chow Khan Yao said the offer under the Madani Ownership Campaign would run for one year starting today.
00:21He said this will be limited to developers who have registered with the Penang Housing Board and listed the properties as unsold units under the National Property Information Center.
00:32The initial offer of a 5% discount sparked controversy as it was exclusively targeted at Indian Muslims.
00:39State Housing Committee Chairman Asunda Raju said the move was to boost home ownership and ease the property overhang, adding that the discount did not infringe on the rights of other communities or involve public funds.
00:52However, the plan was cuttle three days after it was announced following an intervention by P90AP Chairman Stephen Sim, who said he had discussed putting a pause on the measure with Chow.
