Tanjong Tokong, Gurney Drive land reclamation – who profits, who loses

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Those involved in land reclamation, construction of property highways, and developers are likely to profit the most.

But the environmental implications of the 891-acre Tanjong Tokong and Gurney Drive reclamation and the planned three highways are likely to be felt in the future – by residents and fisherfolk in the affected areas.

How much will the Gurney Wharf project cost – and who is actually paying for it?

Marina Bay at top left, part of the Straits Quay development at top right, and some beginnings of reclamation/limit of reclamation work walls?

Who was monitoring the environmental impact of the 240-acre reclamation under the first phase of the project after it was complete?

So what will be the impact of siltation and sedimentation on the surrounding coastline and the port for the second phase? Who will pay for dredging work that may be required in the future?

Developing in front of Straits Quay at top left, view looking out to sea, 9 July 2017

Meanwhile, the controversial tunnel project is now clouded in uncertainty. What will happen to the land-for-tunnel-and-highways swap deal?

These photos were taken by a concerned resident of Penang on 9 July 2017.

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51 COMMENTS

  1. LET’S GET REAL:
    When even RM9,000 a month isn’t enough to buy a house
    http://www.freemalaysiatoday.com/category/nation/2017/08/11/when-even-rm9000-a-month-isnt-enough-to-buy-a-house/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+FreeMalaysiaToday+%28FMT+News%29

    National House Buyers Association says properties are unsold because of their ‘ridiculous’ prices, not the banks’ lending criteria, adding that banks should not relax their lending criteria. Read on & get real.

  2. Chinese developer Country Garden is revamping its strategy to revitalise its US$100 billion Forest City project at Iskandar, Johor, after residential unit sales were hit by China’s restrictions on local Chinese buying property overseas to curb capital outflows.

    Having pumped in around RM4.7 billion in the Forest City project last year, the Hong Kong-listed developer will be investing around RM5 billion this year.

    The company is aggressively diversifying its customer base in the region and will be opening more than eight sales offices across new focus markets including South Korea, Japan, Taiwan, Thailand, the Philippines and the United Arab Emirates.

    Country Garden is also set to launch its premium high-rise “sky villas” spanning 3,000 to 4,000 sq ft at rates not far off from last year’s prices of its condominium units.

    http://www.todayonline.com/business/country-garden-tweaks-prices-forest-city-units

    Today TMJ announced new JDT stadium at Forest City.

    http://www.thestar.com.my/news/nation/2017/08/04/new-jdt-football-stadium-design-unveiled/

    • Penang if under Umno-Gerakan will bring in Country Garden to reclaim more islands to build Forest City Penang.

    • If BN regains Penang, these Chinese developers will come to Penang to reclaim more islands for foreign buyers of high end condo.

  3. So much sophisticated propaganda on “development”. So much covert financing of “think tanks” friendly to big-wigs and neo-con ideology. Yet, no one including the gomen is offering us the followiing data on housing by YEAR and STATE – if Stats Dept. knows, it must be an Official Secret:
    1. No. of families earning 40% or less than median income.
    2. No. of low-cost houses completed and handed over, including the “low” price.
    3. Specific fed. gomen allocation.
    4. Any additional, specific state gomen allocation.

  4. No plans by Penang gov’t to develop low-cost houses despite large allocation: AG’s Report
    https://malaysia.yahoo.com/news/no-plans-penang-gov-apos-101541128.html

    GEORGETOWN: Despite receiving a large allocation from the Multiple Trust Fund for Low Cost Housing and PPR housing (Akaun Amanah Pelbagai Bagi Pembiayaan Projek Perumahan Awam Kos Rendah), the state government made no plans to develop low-cost housing projects here.

    This was a finding published in the 2016 Auditor General’s report, which revealed that allocations received since 2013 had not been utilised, and that as of August 2016, the state’s Trust Account has a balance of RM121.99 million.

    The audit also found that a total of 490 low-cost units and 666 Public Housing Project (PPR) house applications have been pending for the last 15 years.

    It identified the cause of the problem as a weakness in the applicant data migration process during a transfer from an old system to a new system.

    The audit reported that between 2013 and 2016, 18,442 people registered for low-cost houses, while 1,579 people applied for the PPR in the state.

    This brings the total number of applications for low-cost and PPR homes as of 2016 to 30,861 and 5,138 applicants respectively.

    According to the report, of these, only 18,931 or 61.3 per cent of applicants were offered low-cost houses and 195, or a mere 3.8 per cent of applicants, were offered a PPR home.

    It was reported that the low figure was due to the limited number of housing units provided by developers, and applicants’ failure to secure financing from financial institutions.

    • Now you love to develop more houses? Cut hills you say botak and falling rocks. Built in city, destroy heritage. Reclaim the sea, destroy the environment. Built in ulu mainland but everyone wants to stay on the island. zzzzzzzz. Tell us where to built

      • You are too clever to spin everyday others’ comments but too (Anil I self-censor this word) to analyse & comment sensibly.
        Too much Komtar Dedak makes one a (Anil I again self-censor this word)!
        Need brain scan?

      • Who is spinning? zzzzzzz. You always peep and bark about botak hills, reclaimed land and builders building empty properties. Now you spin about why Gomen does not build more houses?

    • The Penang government has yet to receive a response from the federal government for an application to have more People’s Housing Project (PPR) to be built in the state.

      Penang Housing, Town and Country Planning Committee chairman Jagdeep Singh Deo said a letter dated April 20 on the matter was sent to the Urban Wellbeing, Housing and Local Government Ministry.

      “A 14.674ha plot in Jelutong was proposed as a site for the PPR project which can accommodate 3,000 units.

      “But there has been no response so far,” he said yesterday in response to issues raised in the Auditor-General’s Report that was released on Monday.

      http://m.thesundaily.my/node/467444

      • Ask tun Lang to chase. He has been complaining that pg gomen built few public housing. As wearing amno contact lens, he can bark at centralised gone to speed up the progress. Kei yew.

  5. That huge iceberg should freak you out. Here’s why
    http://edition.cnn.com/2017/07/14/world/sutter-iceberg-antarctica-climate-change/index.html

    This could be the Noah’s Ark & Flooding Warning of modern times. Run to the hills or risk submerged in sea water!
    Invest in coastal super-condos @ your own risk. It doesn’t matter whether you are in Antarctica or SingLand or Pulo Pinang.
    Maybe you should invest in a floating home if taking in the morning or sunset sea view is what you cannot live without.

  6. Issue is can the island accommodate higher population density given the dismal transportation accessibility both public as well as private?

    • This evening, I was at Jalan Dato Keramat (near Patchee Bakery) for a meal of Heavenly Tosai at an Indian vegetarian restaurant.
      As I walked out after a hearty meal, I couldn’t miss the sight of ghostly looking Times Square condos with 95% of the windows in pitch darkness.
      It was 7.45pm. 95% still unoccupied?
      Why developers still building super-expensive homes (700K – 1+Million) when majority can only afford or are qualified for below 200K homes?
      Let’s see when the housing bubble will burst in their greedy faces.

      • Times Square operate ala airbnb and fewer PRC visitors came for MBI points redemption at M Mall. No light does not mean no occupancy as plenty of GRO hanky panky could be happening inside.

      • Tun Lang you are so concern go and have a good spy. Maybe surprised suddenly you are pulled in as a customer. Lucky strike!

      • zoro, pls brush up your commenting skills.
        Instead of taking cheap shots cheaper than Pasar Malam PJ!
        It shows / reflects on you!

    • Give you a chance. Otherwise you have to sit. Cannot stand. I always tell my … to sit all the time.

  7. I think you forgot to add another key stakeholder who will benefit – the politicians and political parties. In fact they are the ultimate winners and stand most to benefit from such deals. The biggest losers – well no prizes for guessing – it’s us the rakyat !

    • In hk and sing land rakyat will be the real loser if the states do not reclaim land from the sea. Properties are like sky scrapers shooting through the roofs. Land is in very very short supply but every family wants a house. How to live in a one room are all house with kids, kitchen, bathroom dinning and bed room.in one? Similar in here. If no residential land, prices will go up. Sime convert plant land into housing and makes money. Same with ioi. 10 billion people where to put them?

      • Get your facts right before responding so that you won’t end up looking silly. SG reclaim land to build affordable houses for the average people and NOT to develop super condos for the super rich foreigners.

      • Calvin, spinners usually don’t get their facts right!
        They wantonly just pluck out of thin air to spin so to satisfy their immediate ego or to look silly (which they don’t realise).

    • The ultimate winners – politicians & political parties.
      If property development (of sky-high end) is what they (who forget they are elected politicians) count on / bet on as perrenial political portfolio that can be touched, seen + gawked at & promoted day + night to the far corners of the earth.
      It doesn’t matter that the people (the bo bin-chui) have to transmigrate to other states (Sg Petani, Kulim or Alor Setar) in the name of Cosmopolitan Penang reserved for the rich & famous.
      Who cares?
      I am waiting for Pakatan Harapan’s Vision for Penang not of the slippery type.
      If they dare to defy the greedy developers.
      No wonder PSM is not a compatible partner for championing people’s rights (to exist, to live, to thrive with other rich, famous or wealthy).

    • Gerakan can promise building low cost PPR on Penang island in its GE14 manifesto? Name the building sites and pricing if serious about it.

    • Best is to get your facts right too. All the reclamation is not done by private companies but $¥$ loaded Sin gomen. Sin gomen pays all the reclamation unlike poor pg state and no ¥$ from central gomen. Central gomen collect all taxes and tell your facts what tax to pay to state and to central gomen? You feel shame when pg did not owe any debts to central?

      • 1MDB failed to pay IPIC despite knowing its deadline in April 2017, it means they are bankrupt!

        Please do let the Rakyat know where 1MDB is going to get RM2.5 billion from to settle the IPIC debt – another Taxpayer/MoF bail out? Hike in GST? Further removal of subsidies? Going after PTPTN defaulters?

      • 1MDB now in focus again for failing to pay debt to IPIC. I suppose MO1 needs all the cash for giving out goodies before GE14.

      • Calvin is Mo1 in figures. He work out pg bloat in Gomen servants. Let us see about 1MDB from his angle as Mo 1 in data analysis.

    • “Heng ah! Ong ah! Huat ah!” That’s what I heard when some Chinese went to the grave yard at night to give ‘goodies’ to the ho hia-ti during Hungry Ghost Month!

    • Pawnshops ‘ong and huat’ as cost of living soars

      As poor economic conditions prevail in the country, the low- and middle-income earners who are most affected are hocking their valuables to make ends meet.

      Since time immemorial, the pawnbroker has been a quick and easy way to get one’s hands of some sorely needed cash – provided one has valuables worth selling.

      https://www.themalaysianinsight.com/s/9135/

  8. Primarily, the financial industry facilitates the transfer or transformation of existing assets, of which about 80% are real estate – Prof. Michael Hudson, 2016. Existing, usurious debt cannot be repaid without the constant creation of new debt to generate economic growth – Prof. Michael Hudson, 2011. I.e., capitalism cannot survive without mounting, total debt. The rise itself increases the prices of land and other goods – Prof. Michael Hudson, 1990. As this total is about 2.5-3 times the value of GDP, any “sharp correction” has a proportionately greater (multiple) impact on the banking system, and hence on national wealth including household wealth; an accompanying crash in the stock market exacerbates this – Andrew Sheng, 2017.

    In every stock-jobbing swindle, everyone knows that a crash must come. Yet, everyone hopes that it will fall on his neighbour’s head after he himself has caught the shower of gold – Karl Marx, 1867

  9. a Mangrove forest has been erased completey – it was the habitat of hundreds of creatures such as egrets, herons, crabs, otters, kingfishers, etc.etc. Mangrove forests are “regulators” of the natural balance and….now destroyed……Did you know that Australian government made Mangrove forests protected area’s?! Heavy punishment for those who touch these forest..
    But here short term thinking prevails underlined by lots of money..

    • Either humans gobbling up the ocean or ocean waves gobble the land. Ocean waves orso commited a crime against humanity. Where are the pommies bunkers and embankment guns in Kelantan coat against japs during WW2 in Kelantan pantai Cinta? Buried by the ocean waves. Same in trengganu coastlines. Gomen has to spent millions to renourish the beach to protect properties against erosion.

      • Don’t forget the melting ice from Artic and Antarctic that will flood the low lying coastline.

      • Blame the japs and Hans for starting WW2 and bombs create heat. Also the Yankees for dropping thermal nuclear bombs. World temp creep upwards

  10. Regarding the reclamation of STP2 (T. Tokong & Gurney) – I’m afraid we’re crying over spilled milk as the deal was signed long ago (by previous state admin). Unless we pay billions of compensation to the developer (E&0), I’m afraid there’s nothing we can already do.

    What we CAN do is stop selling the part of THAT reclaimed land that belongs to the state gov. And that will stop if the tunnel + 3 highway project is stopped as that project is still in the air (so many issues: Is it now a bridge/tunnel? DEIA approved? Etc.) If this project is stopped, then we don’t have to pay for it; hence there’s no necessity to sell it. Then we can use that land for public purposes (imagine a large seafront park at Gurney on top Gurney Wharf.)

    ANOTHER thing we CAN do is of course work to stop the South Reclamation Scheme. That is also still salvageable as nothing concrete has been signed yet, pending DEIA/Federal approval etc.

  11. If development is done through private participation, because the state cannot afford the finance, it is the degree of profit which decides
    whether the private sector will come in with the finance to participate. The point is whether the development is necessary for the public,
    and the future development of the state. The private sector is after all in business to make money for itself or its shareholders, but it has
    to be fair to the public as tax payers on the quantum of profits it expects to make. The State however should ‘extract’ as much contribution
    from the private developer to benefit the state’s development, economic or social, and the welfare of its citizens.

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