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Property News

Buildings only on land below 76m in height

Buildings only on land below 76m in height

GEORGE TOWN: Hillslope development in Penang will only be approved if the land is less than 76m high. However, State Local Government and Traffic Management Committee chairman Chow Kon Yeow said developers who had obtained planning permission from the Seberang Prai Municipal Council and Penang Municipal Council prior to 2007 were exempted ... Read More
RM2mil makeover for park in Bukit Mertajam

RM2mil makeover for park in Bukit Mertajam

THE Bukit D.O. Recreation Park, off Jalan Sri Bukit in Bukit Mertajam, Penang, will be given a RM2mil facelift under a landscaping project initiated by the Seberang Prai Municipal Council (MPSP). MPSP president Maimunah Mohd Sharif said the Penang Water Supply Corporation Sdn Bhd (PBAPP) would sponsor the upgrading works, ... Read More
NGOs not happy with ‘mindless development’

NGOs not happy with ‘mindless development’

GEORGE TOWN: Penang may have been named one of Asia’s most liveable cities, but two non-governmental organisations here beg to differ. The Consumers’ Association of Penang (CAP) and Sahabat Alam Malaysia (SAM) argued that Penang was becoming unliveable due to “mindless development”. “The kind of development that is taking place ... Read More
Fair to feature top property pickings all under one roof

Fair to feature top property pickings all under one roof

THE Star Property Fair 2012 is back for its 10th year with a more interesting array of programmes. The Star regional operations manager (north) Chung Chok Yin said the overwhelming public response had contributed to the fair’s 10th edition. “I hope those who wish to buy houses will obtain useful ... Read More
Unhappy over compensation

Unhappy over compensation

GEORGE TOWN: Residents of an estate in Mount Erskine are not satisfied with the compensation offered by a housing developer that bought the land there. It is learnt that the developer had issued a letter of eviction to the residents last month. Residents association chairman Teh Kim Long, 74, claimed ... Read More
Penang not beholden to developers, says CM

Penang not beholden to developers, says CM

GEORGE TOWN: The Penang Government has denied claims that it is “the darling of developers” at the expense of the public, especially those in need of public housing. Chief Minister Lim Guan Eng said more stop-work orders had been issued by both the local councils since 2008 compared to previously ... Read More
Affordable housing move

Affordable housing move

DEVELOPERS who opt to build 87 housing units per acre (0.4ha) on Penang island will now have to allocate 15% of their projects for units priced between RM200,000 and RM300,000. This is an increase of 5% as the previous requirement for such units for that plot ratio was 10%, said ... Read More
SP Setia has big plans in Penang

SP Setia has big plans in Penang

GEORGE TOWN: After recently acquiring 21.3 acres in Tanjung Bungah for RM185.6mil, SP Setia Bhd is now looking at an adjacent 14-acre site. SP Setia Property (North) divisional general manager Datuk S. Rajoosaid the group was now in an advanced stage of negotiation to buy the property. “We expect to ink the deal ... Read More
Chalets on water for Penang

Chalets on water for Penang

PENANG will see its first hotel with water chalets opening soon in Teluk Kumbar. State Tourism Development and Culture committee chairman Danny Law Heng Kiang said that the hotel with water chalets was among three new hotels that will be opening in the near future. “The other two hotels will ... Read More
Berth at ferry terminal to be rebuilt

Berth at ferry terminal to be rebuilt

AFTER being out of use for more than six months, the unstable berth at the Pengkalan Raja Tun Uda ferry terminal in Weld Quay will be rebuilt starting next month at a cost of RM2.15mil. Penang Public Works, Utilities and Transport Committee chairman Lim Hock Seng said Penang Port Sdn ... Read More