Property News
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
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
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
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’
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
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
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
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
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
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
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