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Property News

PCTH: Traffic jams worsening in Penang

PCTH: Traffic jams worsening in Penang

GEORGE TOWN: The Penang Chinese Town Hall (PCTH) has called on the Penang Government to overcome the worsening traffic congestion on the island. When addressing the town hall’s annual general meeting, its chairman Datuk Lam Wu Chong said this escalating issue was of grave concern to many Penangites. “It is ... Read More
Construction, renovation sector may not generate RM5bil worth of jobs in Penang

Construction, renovation sector may not generate RM5bil worth of jobs in Penang

GEORGE TOWN: The construction and renovation industry in Penang may not be able to generate RM5bil worth of jobs this year as forecast by the Penang Master Builders' and Building Materials Dealers Association (PMBBMDA). PMBBMDA president Lim Kai Seng said there had been a lower demand for construction materials from the residential ... Read More
10 proposals to lower house prices

10 proposals to lower house prices

PETALING JAYA: The Finance Ministry, concerned about soaring home prices, has sought the help of the National House Buyers Association (HBA) to find solutions to the problem. Responding to the request early this month, the HBA has proposed 10 measures to address the problem and, hopefully, bring prices down. HBA secretary-general ... Read More
Lim: Planning committee to look into hill development exceeding 76m

Lim: Planning committee to look into hill development exceeding 76m

GEORGE TOWN: Development on hills above 76m, whether approved or unapproved, will be referred to the state planning committee, chaired by Lim Guan Eng. The Chief Minister said these projects, including those approved as “special projects” by the previous administration, should be referred to the committee, which comprises several state ... Read More
Penang CM defends hill projects

Penang CM defends hill projects

GEORGE TOWN: Lim Guan Eng has defended the Penang Government's stand in treating hillslope development, saying that it has the “most stringent” guidelines for it. The Penang Chief Minister said the present state government had not approved a single project above 250 feet (76m) high, adding that it was the ... Read More
Lure of Penang sees spike in property prices

Lure of Penang sees spike in property prices

GEORGE TOWN: The scarcity of land on Penang island and its lure as a tourist destination and a second home for foreign retirees have caused residential property prices to soar by more than 25% over the past five years. According to real estate valuers, the prices are among the highest ... Read More
38 slope projects approved in last two years

38 slope projects approved in last two years

GEORGE TOWN: The Penang Municipal Council (MPPP) approved applications for hillslope developments on 38 lots on the island in the last two years, MPPP president Patahiyah Ismail said. She added that applications on 17 lots were rejected during the same period. Patahiyah refused to disclose where the developments were located, as some ... Read More
Revise guidelines on development, council urged

Revise guidelines on development, council urged

GEORGE TOWN: The Penang Municipal Council should revise its guidelines on hillslope development and land usage, said Tanjung Bungah residents association member Datuk Dr Leong Yueh Kwong. This was in view of the many landslides on the island lately, he said. “Until the guidelines are revised, there should be a temporary ... Read More
Residents against destruction of environment in Penang

Residents against destruction of environment in Penang

GEORGE TOWN: As developers get ready to erect more high-rise buildings on the hillslopes of Penang island, more people have come out to protest against what they see as the destruction of the environment. At least nine projects are believed to be in the pipeline in Tanjung Bunga and Batu ... Read More
Villagers protest against development project

Villagers protest against development project

GEORGE TOWN: Some 60 villagers of Kampung Pokok Assam in Jelutong protested against an ongoing development project which they claimed was damaging the road and causing flash floods. Jelutong Timur Residents' action committee chairman Zarus Yusof, who led the group of villagers, claimed the housing project had caused the 3.2ha land ... Read More