Penang govt sets aside land for cheap housing
GEORGE TOWN: The state government, stung by criticism over the Taman Manggis issue, has finally allocated a portion of land for a People’s Housing Project (PPR). “We will be building 1,328 units of affordable housing on a 4.4ha plot of land with work expected to commence next year. “The Penang ... Read More
Compact city model
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
Lim: Stop-work orders issued seven times more than before
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
Malaysia’s real estate remains a preferred investment choice
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
Board: Council has no power
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
Green plans for landfill
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
Council OK needed for extensions
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
Big boom at property fair
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
RM6.5b projects planned in Penang
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
Excellent outlook for Penang property market
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
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- different is the bad location, spec lousier and higher density. two tower gimmick for sales...Lim on AFFORDABLE: Jelutong / Acara Prestasi Sdn. Bhd.
- I studied this before using google map. Full Penang bridge view depend on you are...Hemsley on Mezzo at The Light City – Luxurious seafront condo
- @ Jay, Many thanks for your advise. Will go to IJM office. Thanks ...kingkong on Mezzo at The Light City – Luxurious seafront condo
- @kingkong As i mentioned above, you can go IJM office to take a look their...Jay on Mezzo at The Light City – Luxurious seafront condo
- Hi All, Is the Tower B unit 1 to unit 4 facing sea view will...kingkong on Mezzo at The Light City – Luxurious seafront condo
- I would say that Mezzo got great potential for better rental yield. The rest very...Hemsley on Mezzo at The Light City – Luxurious seafront condo
- @huat Thanks again for your response. Excellent analyses. Yeah, I concur there’s not a single...Anon on Mezzo at The Light City – Luxurious seafront condo
- @Beng Thanks for the reply. Seems like they are targeting a niche market, and not...Anon on Mezzo at The Light City – Luxurious seafront condo
- @Anon Well, I personally believe higher yield cannot be attributed alone to cheaper purchase price,...huat on Mezzo at The Light City – Luxurious seafront condo
- @sun You should know better than anyone here if you own or stay in Q2....Coffee or Tea on Queens Residences 3
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