GEORGE TOWN, Oct 22 (Bernama) -- Wakaf Pulau Pinang is planning six projects worth more than RM200 million, including affordable housing, homes for asnaf (tithe recipients) and logistics facilities, to increase property ownership among Muslims in the state, its chief executive officer Abdul Mohsein Mohd Shariff said.
General : Wakaf Pulau Pinang Plans Six Development Projects Worth Over RM200 Mln
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Key takeaways
Wakaf Pulau Pinang plans six development projects worth over RM200 million, including affordable housing and logistics facilities, to boost Muslim property ownership in the state. The initiatives will utilize land entrusted by the Penang Islamic Religious Council and are scheduled for phased completion starting in 2027.
- The projects will deliver approximately 1,000 housing units across more than four hectares in various Penang districts.
- Homes are priced below market rates, with a RM300,000 property potentially offered for around RM250,000.
- Logistics facilities are expected to create local employment opportunities while addressing low Muslim homeownership rates.
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- Bernama General : Wakaf Pulau Pinang Plans Six Development Projects Worth Over RM200 Mln (this story)
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