PR1MA, the affordable housing agency under the Ministry of Housing and Local Government (KPKT), has successfully completed Ideal Residency (Residensi Bukit Gelugor) ahead of its original timeline. Initially projected for completion in August 2025, the project, consisting of 1,218 units, is now fully completed, marking a significant milestone as PR1MA’s largest development in Penang.
In a key handover ceremony held yesterday, 20 proud homeowners were presented with their keys by YB Tuan Nga Kor Ming, Minister of Housing and Local Government. The Ideal Residency project, a collaboration between PR1MA and Ideal Capital Venture Sdn Bhd, has a Gross Development Value (GDV) of over RM365 million. The project received its Certificate of Completion and Compliance (CCC) on August 22, 2024.
As of September 30, 2024, 1,198 units have been sold, with each unit priced affordably at RM300,000. These units, measuring 850 square feet, offer modern living spaces, including three bedrooms, two bathrooms, and a balcony. Additionally, each unit is equipped with fiber optic technology, ensuring residents have access to high-speed internet.
Ideal Residency offers not only comfortable homes but also a range of amenities, such as swimming pools, indoor and outdoor gyms, a badminton court, and a community hall, making it an ideal living environment for Penang residents. Its strategic location and affordability have attracted significant interest, further solidifying the project’s success.
The event was attended by several prominent figures, including YB Dato’ Seri Sundarajoo A/L Somu, Penang State Housing and Environment Exco, YBhg. Datuk Wira M Noor Azman bin Taib, KPKT Secretary-General, and key officials from PR1MA and Ideal Property Group.
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