Property News

Living too close for comfort
GEORGE TOWN: The Penang Forum has called on the state government to ‘freeze’ the guidelines allowing for 87 housing units per acre (0.4ha) pending public consultation and proper planning. Its steering committee spokesman said the increased density in residential areas could only be allowed if there was a good public ... Read More

Penang govt starts reviewing 2020 structure plan
THE Penang government has started reviewing the Penang Structure Plan 2020 after it reached its five-year term since being gazetted on June 28, 2007. State Town and Country Planning, Housing and Arts Committee chairman Wong Hon Wai said it was a statutory requirement under the Town and Country Planning Act ... Read More

Highrise high density guidelines being finalised
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

City status is our right Miscommunication shouldn’t be an obstacle
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 plans more talks with Govt on funding for build-and-sell
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

Strata Bill needs work
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

Penang property prices soar
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

RM640mil business park
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

Malton unit to develop Penang land
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

Affordable housing – let it be a reality not fallacy
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
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- How to apply affordable housing and what is the criteria? Kindly help to let me...Thomas on Suria 2
- Nice project ...VH on Taman Seri Valdor
- Where is KDU University College’s new campus being developed? ...Sains Data on University Metropolis @ Batu Kawan
- @Billionaire I think he's being sarcastic. He obviously stating all the false stuff. Maybe another...Hee Chan on Twin Star
- On foreign labour, Chow reaffirmed the state’s commitment to responsible planning. Centralised Labour Quarters (CLQs)...David on Penang has enough land to sustain industrial growth
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- @Moon This was info from the development office when i went for booking. It is...Koja on The Cube
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