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.

READ MORE:  Stop short-sighted urban planning; improve flood resilience, says TBRA
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51 Comments on "Tanjong Tokong, Gurney Drive land reclamation – who profits, who loses"

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tunglang
tunglang

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.

Jerome
Jerome
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.… Read more »
Nelson
Nelson

There are two Forest City booths at Penang airport. Go check it up.

Bansiewteeong
Bansiewteeong

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

Roche
Roche

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

glissantia
glissantia

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.

Walter
Walter

You should participate in Think City, assuming you can give constructive feedback.

HBK
HBK

Big win for Kampung Mutiara folks.

Case of Kampung Buah Pala deja vu? Only in Penang.

Zain
Zain

Durian runtuh for squatters.

tunglang
tunglang
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… Read more »
Jerome
Jerome
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… Read more »
tunglang
tunglang

Incoherent! Pls write better comments.

zoro
zoro

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.

zoro
zoro

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

zoro
zoro

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?

tunglang
tunglang

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?

tunglang
tunglang

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.

HBK
HBK

Unfortunately Noah is banned in Bolehland.
So many may not be able to relate.

http://www.thestar.com.my/news/nation/2014/04/05/noah-banned-in-malaysia/

eeyaw
eeyaw

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

zoro
zoro

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

tunglang
tunglang

“Give you a chance”?
Are you still schoolboy-talking?

tunglang
tunglang

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.

tunglang
tunglang

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

zoro
zoro

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

HBK
HBK

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.

calvinsankaran

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 !

zoro
zoro

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?

HBK
HBK

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

tunglang
tunglang
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… Read more »
zoro
zoro

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?

tunglang
tunglang

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).

calvinsankaran

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.

Naruto78
Naruto78

Certain Penang Chinese groups are more concerned with “50, Love Lane” issue.

zoro
zoro

Not as important as 1mdb which is billions and all races are affected.
You think 1mdb not important?

zoro
zoro

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.

Vikram
Vikram

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.

Jerome
Jerome

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?

calvinsankaran

And you think that is not an important issue?

HBK
HBK

Anil,
Is Andrew Netto related to you?
http://comedycentralasia.com/comedians/andrew-netto/

Lau
Lau

Haiyah
Heng ah! Ong ah! Huat ah!

Jerome
Jerome

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/

tunglang
tunglang

“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!

glissantia
glissantia
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… Read more »
Steven N
Steven N

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..

Wendy Tan

Humans gobbling up the ocean..an environmental crime!!!

zoro
zoro

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.

zoro
zoro

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

Narendran
Narendran

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

james k
james k
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… Read more »
Khoo Soo Hay
Khoo Soo Hay
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… Read more »
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