Jalan S.P. Chelliah Affordable Housing

The exhibition for Penang State Government affordable housing project had ended on 7th March 2013 with more than 17000 applications. The state government has awarded the project to local construction company Zubicon Sdn. Bhd. The Bayan Baru company is picked out of eight companies that had submitted their tender for the Request for Proposal as it had offered the highest Guaranteed Monetary Contribution (GMC) of RM 60 billion.

Construction of the project is expected to start within a year after Zubicon signs the contract for the project and it will be completed within three years. Zubicon will add 580 units of affordable homes at 800 sqft, thereby increase the total number of affordable homes from 1320 units to 1900 units:

Category	Size	Price/unit	Initial Plan	New Plan
Medium Cost	1000 sqft	RM 400000	275 unit	275 unit
	900 sqft	RM 300000	165 unit	165 unit
	800 sqft	RM 200000	110 unit	690 unit
Low Medium Cost	700 sqft	RM 72500	770 unit	770 unit
		Total	1320 unit	1900 unit

Zubicon has proposed the concept of sustainable and self-contained compact development which would fit into a central business district, consisting of RM 25 million worth of public facilities that include a linear park, a 70 percent green space and the improvement of Sungai Pinang.

There is also proposal of a public bus terminal, pedestrian and bicycle lanes and a big sky tree.The design of the building which will comply with the Green Building Index, boasting of a recycling centre and a stand-alone surau.

If you are interested in the project, you may still download the application form via erumah. You can then submit the application form to Komtar 3rd Floor or PDC Bayan Baru.

SCB JustOne Account FD Bundle 2

The announcement of BNM to reduce IBG transaction fee to RM 0.10 is actually a hit to SCB JustOne Account, so SCB needs to come out with attractive promotion to get new customers. JustOne Account FD Bundle promotion is back with better deals from 1st April until 30th June 2013.

As compared to JustOne Account FD Bundle 1 promotion, the FD tenure is still 6 month but the minimum deposit required is dropped to RM 5000 and you can enjoy additional 0.2% interest rate if you are new to bank customer who apply for the SCB credit card:

JustOne Account#	Monthly Deposit Requirement (Minimum)	Current 6-month Fixed Deposit Board Rate	Bonus Interest Rate	Total Interest Rate on Fixed Deposit (A)	Exclusively for new Credit Card customers
					Additional Interest Rate (B)	Total Interest Rate on Fixed Deposit (FD) for JustOne + FD + Credit Card (A+B)
JustOne Preferred Account	RM5,000	2.90% p.a.	0.80% p.a.	3.70% p.a.	0.20% p.a.	3.90% p.a.
JustOne Personal Account	RM1,500	2.90% p.a.	0.60% p.a.	3.50% p.a.	0.20% p.a.	3.70%

The additional interest on the 6-month FD only applies to new credit card customers with JustOne Preferred Account/Saadiq JustOne Preferred Account-i or JustOne Personal Account/Saadiq JustOne Personal Account-i. You also need to:  

1. have your SCB Credit Card application approved within the campaign period
2. activate your SCB Credit Card with a minimum one retail spending within the FD tenure
3. keep your credit card account active during the Fd tenure.

SCB always treats new customers nicely, so if you are new to SCB customer, it's a real good chance to sign up for JustOne and SCB Credit Card!

UOB Superdeals Campaign

After UOB Triple Fortune ended on 28th February 2013, UOB still continues its FD promotion through Superdeals Campaign until 30th April 2013. There are two offers in this campaign, namely Superdeals Unit Trust + Fixed Deposit (UT-FD Bundle) and Superdeals Fixed Deposit.

For Superdeals UT-FD Bundle, eligible customers who invest in any of the selected UT Funds may enjoy one of the following promotional FD interest rates per below table:

3 months tenure	Ratio (2 UT: 1 FD)
	Fresh fund for FD	Existing fund for FD
	6.00% p.a.	5.00% p.a.

The minimum investment amount for the Eligible UT Funds is RM 10000 while the minimum FD amount for the promotion is RM 5000. The eligible Eligible Unit Trust Funds Purchase are as below:

1. OSK-UOB Kidsave Fund 
2. OSK-UOB Asia Consumer Fund 
3. OSK-UOB Asian Growth Opportunities Fund 
4. OSK-UOB Multi Asset Regular Income Fund 
5. OSK-UOB US Focus Equity Fund 
6. OSK-UOB Emerging Market Bond Fund 
7. AmAsia Pacific Equity Income Fund 
8. AmAsia Pacific REITs Fund 
9. RHB Asian Total Return Fund 
10. RHB-GS US Equity Fund 
11. CIMB Principal Equity Fund

For Superdeals FD, there are two offers as follow:

FD Offers	Promotional Rate
3 months FD	3.50% p.a.
12 months FD	3.70% p.a.

The minimum FD amount is RM 10000 and the maximum FD amount is RM 5million per customer. The placement amount must be from fresh fund. The interest rate for Superdeals FD is almost similar to that of UOB Triple Fortune. It's worth considering if you miss the earlier UOB promotion.