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Property News

Extra police patrols to watch over vacant homes

Extra police patrols to watch over vacant homes

ALL the OCPDs in Penang have been instructed to form special teams to patrol residential areas where there are houses that will be left vacant when the occupants balik kampung for Hari Raya Aidilfitri. State deputy police chief Senior Asst Comm Datuk Abdul Rahim Jaafar said that the police wanted to stop ... Read More
Efforts to curb property speculation

Efforts to curb property speculation

THE government will initiate measures to address various issues gripping the property sector, including curbing rampant speculative activities in the market. Housing and Local Government Minister Datuk Seri Chor Chee Heung said he would present to the cabinet findings of an industry meeting which could be used to come up ... Read More
Are developers really making too much?

Are developers really making too much?

LATELY, there have been many ongoing discussions on the topic of high property prices. It made me ponder on the various causes that might have contributed to the situation, including the question of whether developers are making too much. As I took a sip of tea, many thoughts came to ... Read More
Thousands in Penang hit by morning floods

Thousands in Penang hit by morning floods

GEORGE TOWN: Thousands of residents in low-lying areas were hit by an early morning flood after a downpour that started at 3am. Parts of Jalan P. Ramlee, Jalan Sungai Pinang, Jalan Patani, Jalan Air Itam and Jalan Datuk Keramat were flooded. The water level was knee-deep in some areas, and ... Read More
Penang govt sets aside land for cheap housing

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

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

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

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

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

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