GEORGE TOWN: The state government has clarified an online posting by blogger Anil Netto that the Penang Municipal Council (MPPP) has frozen high-rise density development. Instead, State Local Government and Traffic Management Committee chairman Chow Kon Yeow said the guidelines for developers who want to build 87 units of houses ... Read More

THE George Town city status is both the heritage and right of Penangites, according to Penang Heritage Trust (PHT) president Khoo Salma Nasution. She said the city of George Town was a flourishing democracy in the 1960s and many citizens who had “tasted” that would like to see their “basic ... Read More

UDA Holdings Bhd plans to further negotiate with the Government to provide funding for the build-and-sell housing initiative. Chairman Datuk Nur Jazlan Mohamed argued that if the company was to develop property based on the build-and-sell concept without any aid from the Government, it would tremendously hurt its cashflow. “Discussions are ongoing ... Read More

THERE is no doubt that the quality of life of Malaysians living in flats, apartments and condominiums can be improved. Part of the problem is poor management. As such, it is commendable of the Housing and Local Government Ministry to introduce a new law to improve management. The Strata Management Bill ... Read More

PETALING JAYA: Property prices have shot up by about three-fold in Penang because of an increase in surcharges imposed by the Pakatan Rakyat-led government, claimed a former council official. According to former Penang Municipal Council's Town Planning Department acting director Khoo Boo Soon, the additional cost imposed on developers were eventually ... Read More

TAMBUN Indah Land Bhd will develop the RM640mil Pearl City Business Park on 107 acres in Simpang Ampat in early 2013, the biggest commercial centre in the northern region. Phase one of the project comprises a tenant-mixed control leisure mall with food and beverage and retail outlets, a karaoke and a ... Read More

PETALING JAYA: Property firm Malton Bhd's wholly-owned subsidiarySilver Setup Sdn Bhd (SSSB) has entered into a joint-development agreement with Batu Kawan Development Sdn Bhd to jointly develop a 300-acre piece of land in Batu Kawan, Penang into a mixed commercial and residential development with a gross development value of RM3.8bil. Malton told Bursa Malaysia ... Read More

DURING the major festivals in this country, we see the authorities conduct vigorous enforcement activities on various price-controlled food items. This is to prevent unscrupulous traders from exploiting the situation by increasing prices of what are deemed as essentials. Sometimes they even secretly stock up such items to create artificial ... Read More

CONSTRUCTION on the second Penang link is surging ahead of schedule with 84.35% of the massive project completed. Jambatan Kedua Sdn Bhd construction director Hamizol Ngah said as of Sept 20, work was 2.45% ahead of plan. “We are two months ahead of schedule from the September 2013 deadline. “We ... Read More

KUALA LUMPUR: The increase in real property gains tax (RPGT) announced in Budget 2013 will not have significant impact on the property sector, according two developers. Budget 2013 proposed a rise in RPGT from 10% to 15% for properties sold within the first two years and from 5% to 10% ... Read More