About GEM Residences

GEM Residences, a commercial development by Belleview Group at Prai, Penang. It is part of the company’s 6 hectares mixed development along Jalan Baru, diagonally opposite Megamall Penang. Next to it will be the upcoming largest mall in the northern region – GEM Mall, the tenant mix include SOGO (first and largest departmental store in the northen region at 212,000 sq.ft.) and a supermarket (largest at 50,000 sq.ft.).

Find out more about GEM Residences

The government will continue implementing housing projects, especially for the low-income earners, with a total allocation of RM1.5 billion.

In tabling Budget 2022 at the Dewan Rakyat today, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said all Malaysian families have the right to own a home.

He added that the government will no longer impose the real property gains tax for property disposals by individual citizens, permanent residents, and other companies starting from the sixth year and above.

Starting next year, the government will also provide a RM2 billion guarantee to banks via the Housing Credit Guarantee Scheme to provide gig workers, micro-entrepreneurs, and farmers with access to financing.

“I’ve heard gig workers, micro-entrepreneurs, and farmers complaining that they find it difficult to buy a house as they do not have a fixed income, making it difficult for them to get a housing loan.

“Some of them actually have the ability to repay the loan but there is no proof of fixed income,” he said.

Source: EdgeProp.my

About Sunshine Residence

A 39-storey serviced residence by Suiwah Group at Bandar Baru Air Itam. It is part of the Sunshine Central mixed development on the old Sunshine Farlim site, next to Farlim Square shop offices. Featuring 9 levels of commercial floors with car parking podium, office, hotel and residential towers.

Find out more about Sunshine Residence

A proposed gated and guarded residential development by Berjaya Land Development Sdn. Bhd. at Kensington Garden near Penang Turf Club. Located along off Jalan Batu Gantung, just a stone’s throw away from the recently completed Penang Retirement Resort. It is about 15 minutes drive from Penang Bridge, just a short drive to Penang Youth Park.

This development comprises a total of 239 unit luxury houses, featuring a mix of 4-storey zero-lot bungalows and condominiums:

• 4-storey zero-lot bungalow (32 units)
• Low-rise condominium – (207 units)

The project is still pending approval. Details to be available upon project launch.

Project Name : (to be confirmed)
Location : Batu Gantong
Property Type : Gated and guarded residential
Total Units: 239
Built-up Size: (to be confirmed)
Indicative Price: (to be confirmed)
Developer: Berjaya Land Development Sdn. Bhd.

DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider, or party in question.

The Ministry of Housing and Local Government (KPKT) must immediately improve the enforcement of short-term accommodation guidelines (STA) to curb the change of use of units in stratified residential buildings without permission

The matter was raised by Penang Island City Council (MBPP) councilor, Lee Kim Noor at the adjournment speech session of the Ordinary Council Meeting No. 10/2021 which was held online through the Zoom Meeting on 25 October 2021.

According to Kim Noor, the law on STA in the state is very clear that stratified residential units cannot be turned into Airbnb unless there is a change of use of the building.

Also raised was the proposal that cases related to the change of use of short-term accommodation and its enforcement be brought to the Strata Management Tribunal Court.

“And in this way, the occupants of the stratified residential building can sleep soundly without having to worry about Airbnb rental in the adjacent unit.

“Furthermore, in the COVID-19 outbreak situation where some parties rented the Airbnb unit as a quarantine place apart from the problem of noise, garbage and damage to common property,” he said.

In the same session, Kim Noor also praised the latest initiative introduced by the local authority, namely the ‘i-Temu’ platform, an appointment system for visitors who wish to meet with the relevant departments in MBPP.

“However, the method (to some extent) hinders the ability of taxpayers because they have to spend to buy quick test kits.

“So, I would like to suggest additional initiatives to the platform (i-Temu) where taxpayers can choose to use hotlines, emails, video calls via WhatsApp (applications) or WhatsApp (messages).

“Each option must be given a complaint reference number and the name of the officer involved along with an email.

“I know that all this has been prepared but the indicators of each complaint are not given due attention,” he explained.

The meeting was chaired by Dato’ Ar. Yew Tung Seang (Mayor of MBPP) through teleconference, attended by Council Members, relevant department heads and senior officials.

Earlier, the Mayor of MBPP, Dato ’Ar. Yew Tung Seang chaired the Ordinary Meeting of the Council by teleconference which was also attended by Council Members, department heads and relevant senior officials.

Source; Buletin Mutiara