Real Estate and Housing Developer’s Association (Rehda) national treasurer DatukN K Tong recently said that the escalating prices of properties, was significantly caused by the supply and demand factor. “As land prices continue to rise, there is also the issue of not producing houses fast enough to cater to the increasing ... Read More

GEORGE TOWN: The Penang Municipal Council (MPPP) has launched an investigation into the alleged illegal hill clearing in Bukit Gambier. The council has found traces of tree cutting and landfilling activities. It said an order was issued to stop work immediately after a site visit by MPPP with the state ... Read More

GEORGE TOWN: The Penang Island Municipal Council (MPPP) will study complaints and issues raised by the Citizens Awareness Chant Group (Chant Group) who protested on Saturday against a 27-storey luxury suite project in Pulau Tikus. Council president Datuk Patahiyah Ismail said the council would also look into concerns over parking ... Read More

PETALING JAYA: Kumpulan Jetson Bhd has announced that the heads of agreement between its unit Jetson Development Sdn Bhd and Fortress Effect Sdn Bhd for the joint development of a luxury residential development project in Penang, to be known as “The Macalister,” had been mutually terminated. “Upon the mutual termination, ... Read More

THE Penang Municipal Council (MPPP) has approved 14 projects under the 87 units per 0.404ha guideline since it came into effect in June, 2010. State Local Government and Traffic Management Committee chairman Chow Kon Yeow said stringent measures had however been imposed on developers to build the increased density units ... Read More

PETALING JAYA: The secondary residential property market could face a slowdown in transactions within the next six to 12 months due to oversupply of properties caused by speculative buyers. Malaysian Institute of Estate Agents (MIEA) deputy president Siva Shanker said “secondary properties in secondary locations,” namely apartments within the RM150,000 to RM300,000 ... Read More

AFTER losing a roof over his head due to an interim court order in Penang more than two weeks ago, Tan Kim Swee thought his parents would never get to enjoy the comforts of a home. The 34-year-old construction worker, who earns only RM900 per month and has to support ... Read More

PETALING JAYA: The Penang Island Municipal Council (MPPP) has had to approve 19 projects after 2008 because they were deemed as special projects “that could not be rejected” despite exceeding the 76m height limit. MPPP president Patahiyah Ismail denied that she had contradicted ChiefMinister Lim Guan Eng on the controversial hillslope development issue ... Read More

GEORGE TOWN: The Penang Municipal Council (MPPP) approved applications for hillslope developments on 38 lots on the island in the last two years, MPPP president Patahiyah Ismail said. She added that applications on 17 lots were rejected during the same period. Patahiyah refused to disclose where the developments were located, as some ... Read More

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