Happy Chinese New Year 2023! Celebrate this coming festive season with your family by visiting these events for your dream home and enjoying the exclusive CNY offers.

Iconic Development (24 – 29 Jan)

Iconic CNY Property Roadshow @ Gurney Plaza

Paramount Property (25 Jan)

Usher in joy and prosperity at Paramount’s CNY Open House

S P Setia (27 Jan)

Setia Chinese New Year Open House

Hunza Properties Group

Limited Offer: Get Muze@PICC Now & Save RM180,000

Artist impression (2012)

A group of residents in Sungai Ara have won their final appeal to challenge the Penang island city council’s (MBPP) decision to grant planning permission to a developer to build a housing scheme on a hillslope.

Federal Court judge Nallini Pathmanathan said the local authority’s approval of Sunway City (Penang) Sdn Bhd’s application for planning permission was ultra vires the Town and Country Planning Act 1976 and, therefore, void.

“The High Court and Court of Appeal erred in law in upholding the decision of the local authority to grant planning approval,” she said when delivering the broad grounds of another landmark judgment by the apex court last week.

Chief Judge of Malaya Zabidin Diah and Justice Rhodzariah Bujang were the other members who heard the appeal last year.

The bench also ordered Sunway City and the council to pay RM300,000 in costs to the residents.

Gurdial Singh Nijar, Jessica Binwani and Abraham Au represented the residents, while counsel Cyrus Das and Christina Siew appeared for Sunway City. Karin Lim and M Murugan represented MBPP.

On Nov 30, 2021, the residents were granted leave to appeal after the Federal Court approved 12 questions of law for its determination.

The crux of the appeal was whether the Penang Structure Plan 2020 regulates development on hillslopes 76.2m above sea level with a gradient that exceeds 25 degrees.

On May 7, 2021, the residents had failed in their legal battle when the Court of Appeal affirmed the findings of the High Court.

The High Court had on May 29, 2017 allowed a judicial review filed by Sunway City and quashed a decision of the Penang Appeal Board made in January 2016.

The appeal board had set aside the planning permission given by MBPP to Sunway City to develop land in Sungai Ara into a gated and guarded housing scheme.

The land, measuring 32.7ha, stood at an elevation of more than 76m above sea level with a gradient exceeding 25 degrees.

Source: FreeMalaysiaToday.com

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The Penang government is granting premium discounts for the extension of leasehold lands and for leases which have already expired.

Chief Minister Chow Kon Yeow said following his announcement on the matter during the State Legislative Assembly in November last year, the policy has been enforced beginning Jan 1 this year.

“The matter has gained public interest and therefore, we are making this announcement again.

“The state government has agreed to grant premium discounts between 50% and 90% based on the current land value without considering the structures on the land. The valuation is not including the property. It is just the land. That is also a form of discount,” he said.

Under the law, all these leasehold lands would have to be reverted to the state upon the expiry of the leasehold period.

The state government has decided to extend these leases if the leaseholders apply for an extension of their leases.

Any extension will come with a premium. In Penang, the value of land is done by the Valuation Department. The premium is charged based on the land valuation.

Chow said the premium discounts cover all categories of land use, namely agricultural, residential, commercial, and industrial.

“Individual owners of agricultural and residential land are the groups that will enjoy the highest premium discount of 90%; while commercial leaseholders are eligible to enjoy an 80% premium reduction.

“Non-individual (company) leaseholders of agricultural and residential land will enjoy a premium discount of 88%.

“Meanwhile, industrial leaseholders enjoy premium discounts of between 50% and 75%; subject to some conditions which are detailed in the circular by the Penang Department of Lands and Mines director.

“Industry leaseholders (applicants) who operate on the said land and have an annual turnover of RM50 million or less will enjoy a discount of 75%. Those who operate on the said land and have an annual turnover of more than RM50 million will enjoy a discount of 50%.

“If the leaseholder does not operate or run the business on the said industrial land but leases it to another party, no discount will be given,” Chow told a media conference in Komtar on Wednesday.

He said the granting of these premium discounts is subjected to some conditions detailed in the circular by the Penang Department of Lands and Mines director.

“Among them is the imposition of a moratorium on the transfer of ownership for 10 years from the date of title registration.

“If the leaseholder wants to sell his land within the 10-year period, the leaseholder will be charged a premium of 100%, subject to the premium discount that has been paid before.

“The imposition of such conditions is to curb land speculation and to avoid parties trying to take advantage of the state government’s discounts,” Chow added.

He said that the Penang government decided to grant these premium discounts after considering the welfare of the deserving rakyat, although the implementation of these premium discounts would reduce the state’s revenue and implicate its finances.

Leaseholders can check with their respective District Land Offices for more information.

Source: Buletin Mutiara

Ladies & Gentlemen! Gong Xi Fa Chai! This Chinese New Year Iconic will be having ICONIC CNY PROPERTY ROADSHOW!

Date: 24-29 Jan 2023 (初三至初八)
Time: 10am – 10pm
Location: Gurney Plaza, Centre Atrium (In Front of Bonia)

Be sure to come over for more fun giveaway at Iconic’s booth, God of prosperity and Angpow up to RM8,888! Remember to bring along your families & friends to join Iconic this CNY! See you there!