A HIGH-DENSITY and compact city form will be an ideal development pattern for Penang island as it is facing a shortage of land. Penang Municipal Councillor Ng Chek Siang said Penang island was facing a shortage of land. He said that forest reserves and hill land covered an estimated 52% ... Read More

BUTTERWORTH: Stop-work notices have been slapped against errant property developers who failed to abide by necessary guidelines and regulations, Chief Minis-ter Lim Guan Eng said. He said between 2008 and 2011, the Penang Municipal Council (MPPP) issued 259 temporary stop-work notices on development projects on the island. And between April ... Read More

PETALING JAYA: Despite the overall gloom and doom in the global economy, a glut of condominiums and cooling measures by Bank Negara to deter speculation in the overall property market, the general observations on the ground indicate strong sales for certain segments of this market. This underscores the fact that ... Read More

GEORGE TOWN: The approval for a hillside development project in Sungai Ara given by the Penang Municipal Council (MPPP) is invalid, the Penang Appeals Board heard. Counsel Datuk Lakhbir Singh Chahl, who is representing Sungai Ara residents who are against the project, raised a preliminary objection on the ground that ... Read More

GEORGE TOWN: The state government has made plans to turn the Jelutong landfill into parks and a site for mixed development projects. State Local Government and Traffic Management Committee chairman Chow Kon Yeow said the plans would be carried out through a proposed landfill mining and reclamation (LFMR) process. He ... Read More

RESIDENTS must apply for a permit from the Penang Municipal Council (MPPP) before carrying out extensions or changes to the house structure. They are also required to submit their extension plans in accordance with the council’s building plan guidelines for approval, said MPPP councillor Tan Seng Keat. “We want the ... Read More

GEORGE TOWN: The Star Property Fair 2012 ended with a bang with six major exhibitors from Penang and Kuala Lumpur generating some RM100mil in sales. About 35,000 visitors turned up for the four-day fair, which ended yesterday. Most of the properties sold were high-rise units on the island priced from ... Read More

KUALA Lumpur and Penang-based developers are planning to execute some RM6.463bil worth of residential and commercial properties on the island and mainland in the second half year and 2013 despite the tightening of housing credit by banks and a gloomy global economic outlook for the future. SP Setia Bhd (RM2.563bil ... Read More

THE rising property market in Penang is due to the current demands for properties with facilities and amenities. Penang Master Builders and Building Materials Dealers Association executive advisor Datuk Finn Choong said because of the current level of expectations among buyers, the prices of properties were now trending upwards. “As ... Read More

MOST of the visitors who have purchased properties at The Star Property Fair 2012 are Penangites, who are attracted to property priced below RM1mil. IJM Land Bhd senior manager (sales and marketing) Patsy Lee said the group had locked in RM12mil worth of sales for the first day. Some RM7mil ... Read More