Property News
High Court: Owners to pay flat rate for maintenance charges based on share units
Residents at high-rise buildings without strata titles, where there are also offices and retail lots, will now pay service or maintenance charges according to a fixed formula following a landmark court decision. The Court of Appeal held that the Joint Management Body (JMB) committees of high-rise buildings are not allowed ... Read More
Budget 2020: Penang Hill cable car plan gets RM100mil
The Penang Hill cable car project, which received RM100mil allocation from the Federal Government in yesterday’s budget announcement, will be nothing short of world class. Penang Hill Corporation (PHC) general manager Datuk L.L. Cheok said only the best and latest technologies in the world would be used to ensure safety ... Read More
Construction of Ayer Itam-LCE Expressway bypass to start on Oct 31
After a six-year wait, the Penang government has inked the Bandar Baru Air Itam to Tun Dr Lim Chong Eu Expressway bypass road deal. Costing RM851mil, the 5.7km road is the second package of the three paired roads package under the RM6.3bil undersea tunnel project. Work is scheduled to begin ... Read More
Budget 2020: Housing Highlights
Rent-To-Own scheme To assist those who are unable to pay 10% deposit and to secure the access of home purchase financing, the government will be working with financial institutions to introduce a Rent-To-Own (RTO) scheme. Through this scheme, RM10 billion financing will be provided by financial institutions with the government’s ... Read More
Green lights for Penang Tunnel, and other mega projects
The government is anticipated to ink the development agreement for the long-held up controversial Penang tunnel project today morning just before the Budget 2020 tabling, sources said. The RM6.34 billion project will be signed between the Penang state government and the main contractor, Consortium Zenith Construction Sdn Bhd, reported The Star ... Read More
Affordable housing should meet high quality standards
Penang State Housing, Town, Country Planning and Local Government Committee chairman Jagdeep Singh Deo stressed that the provision and supply of affordable housing in Penang should meet the standards and quality of housing. Jagdeep said each of the State Government housing projects built either low cost (LC), low medium cost ... Read More
Developer ordered to rectify defects immediately
The developer, who was awarded the tender to develop the affordable housing project in SP Chelliah, has been ordered to rectify the defects as soon as possible. State Local Government, Housing, Town and Planning Committee chairman Jagdeep Singh Deo said he took the matter seriously. “It is a state project ... Read More
Penang affordable home onwers unhappy over defects
Some buyers of affordable homes along Jalan S.P. Chelliah here are most unhappy with the state of their new properties. According to a report by The Star today, the owners of the new homes were confronted with “bust water pipes, unpainted bedroom doors, windows that cannot opened fully and water ... Read More
SITE PROGRESS: The Park @ Mak Mandin (Oct 2019)
About The Park @ Mak Mandin An affordable housing scheme by Penang State Government at Jalan Mak Mandin, Butterworth. This project is undertaken by Silver Channel Sdn. Bhd., comprising 4 blocks of 14-storey towers with 780 apartment units. Each unit has a standard built-up size of 1,002 sq.ft with 3 ... Read More
Comfy chic homes amid nature in Batu Maung
Sunway Cassia, a tranquil neighbourhood tucked away in Batu Maung, Penang, is a green enclave designed to offer residents a holistic lifestyle. The exclusive 48 semi-detached units are ready with Certificate of Compliance and Completion. There are also limited units of three-storey terraces that are ready for immediate occupancy. Applicable ... Read More
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