A LONG-DELAYED housing project in Batu Kawan in south Seberang Prai comprising 798 houses including 330 low-cost units has been completed and awaiting certificate of fitness (CF) approval.

Equine Capital Berhad chief operating officer Ranjeet Singh said the low-cost houses are priced at RM42,000 unit while the remaining 468 units cost between RM70,000 and RM138,000.

“We have been working hard hand-in-hand with the state govern-ment and the Penang Development Corporation (PDC) to get the project completed at its earliest,” Ranjeet told a press conference at the Equine Home Gallery, Bandar Cassia, Batu Kawan recently.

Also present were Deputy Chief Minister (II) Dr P. Ramasamy, PDC deputy general manager Datuk Abdul Rahim Isahak and Seberang Prai municipal councillor M. Rama-chandran.

Dr Ramasamy said the project which was launched in September 2005 was supposed to have been completed in 2007.

Dr Ramasamy, who is also Batu Kawan MP, said priority for the low cost houses was given to former Batu Kawan estate workers.

“We are working out a scheme with the PDC whereby those who cannot obtain bank loans can rent and buy the house,” he said.

Source: The Star

UNIQUE retail centres should be introduced in heritage buildings as a way to modernise them, according to a French expert who specialises in city and cultural development.

“I encourage small independent businesses that promote local culture and sell meaningful goods and services where a balanced blend of traditions and contemporary creati-vity is the key,” said Sali Sasaki.

In an e-mail to clarify her statement in StarMetro North on Aug 8 titled ‘Heritage appeal with a twist’, she said her idea of retail in George Town was an opposite model from that of shopping malls.

“Therefore, designers have an important role to play in this context to strengthen George Town’s identity as a cultural place as well as establishing the area as a strong asset within the country and the region,” she added.

Source: The Star

BALIK PULAU: Penang Barisan Nasional is now claiming that the DAP-led state government is piling on the pressure on developers here by demanding that they contribute more funds to Penang.

This has inadvertently led to the rise in property prices as the builders have to pass on the additional costs to the buyers, Penang Barisan working committee chairman Datuk Dr Teng Hock Nan said.

Dr Teng claimed that the state also ?arm twisted? the developers to maintain and to landscape open grounds, beautify roundabouts as well as to conduct more corporate social responsibility (CSR) programmes.

As a result, he said, house buyers were charged higher prices as the developers had to spend extra to meet the state?s requests.

?This state policy is burdening the rakyat. The prices of houses today are definitely beyond the reach of many, especially those from middle down to low-income groups,? said the former state executive councillor.

?The costs of maintaining open spaces should be borne by the local authorities, not developers.?

Dr Teng said Penang?s property prices had recorded an average increase of between 50% and 100% over the last three years because of the state policy and consent to the increase in land premium charges.

The state government is reportedly charging developers a premium of RM40,000 for each low-cost housing unit not constructed in a given quota.

This is much higher than the RM8,000 penalty imposed by the former government for each unit.

Dr Teng noted that market prices of condominium units in 2008 were RM250 to RM300per sq ft, but the rate is now RM350 to RM600per sq ft,

?Whereas the terrace house price in 2008 was RM400,000 to RM550,000 per unit, it is now RM700,000 to RM1.4mil per unit.?

?The state is also imposing development charges of RM5 to RM15, which is three times higher,? he said before leading a Barisan walkabout at a Pasar Ramadan here yesterday.

Present were Bukit Gelugor MCA division deputy head and state Barisan working committee treasurer Loh Nam Hooi, Penang Barisan Information head Datuk Dr Loga Bala Mogan as well as state Umno liaison deputy chairman Datuk Musa Sheikh Fadzir and Teluk Bahang assemblyman Datuk Seri Dr Hilmi Yahya.

Penang Rehda chairman Datuk Jerry Chan Fook Sing, commenting on the claims, said the previous state government had also asked developers to make similar commitments.

He said many developers were willing to play their part in the CSR programmes voluntarily such as to adopt roundabouts and beautify open grounds.

?The main factor in the rise of housing prices is the jump in land prices of between 100% and 200%.?

Penang Town and Country Planning, Housing and Arts Committee chairman Wong Hon Wai could not be reached for comment.

SOURCE: The Star

Shineville Park, a 40-Storey Skyscraper, consists of 299 exclusive units with typical unit approximately 1,650 sq ft. To live like never before, finely detailed exquisite condominium brings dream into reality which a harmony living place where truly called home.

Property Project : Shineville Park
Location : Lebuhraya Thean Teik, Penang
Property Type : Condominium
Tenure : Freehold
Built-up Area: 1,300 sq.ft. – 3,350 sq.ft.
Total Units : 299
Developer : Jiran Bina Sdn. Bhd. (OHM Group)
Contact No: 04-227 7487
Indicative Price: RM 366,000 onwards

 

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Shineville Villas is an exclusive 3-storey terrace which moves towards comtemporary living lifestyle. Total of 91 units are based on approximately 3,000 sq ft total built up through extraordinary for you to discover the uniqueness of yourself. Ease off your mind and soul in a place where harmonics and luxuries of life can be recognized. Here, whereby a place to celebrate your energetic lifestyle, for a better tomorrow living.

Property Project : Shineville Villas
Location : Lebuhraya Thean Teik, Penang
Property Type : 3-storey Terrace
Tenure : Freehold
Land Area: 1,367sq.ft. – 3,111 sq.ft.
Built-up Area: 2,854 sq.ft. – 3,000 sq.ft.
Total Units : 91
Developer : Jiran Bina Sdn. Bhd. (OHM Group)
Contact No: 04-227 7487
Indicative Price: RM 890,000 onwards

 

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