How is this possible? Not really heading towards a greener Penang, are we?
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55 highrise blocks approved on hills of Penang in recent years
How is this possible? Not really heading towards a greener Penang, are we?
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Sin Chew today reported that the price of properties will fall 10% this year due to over-supply and fewer demand caused by poor economic environment.
China Press today reported that the number of properties for lelong is on the rise.
I think the chinese press are more honest with their reporting to reflect the current situation of property market.
The problem with greed is not knowing when to stop.
Who has pity for these greedy developers & speculators?
Maybe Zorro has a great heart to help his buddy developers!
The Star is obliged to promote property sale (Star Property Fair) as it gets advertisements from the developers. So it’s reporting tends to be biased favoring the developers.
… In 2009, the state planning committee defined special projects as public infrastructure projects, which are housing developments rezoned and confirmed before the adoption of the Structure Plan gazetted in 2007 ..
This is from http://www.themalaysianinsider.com/citynews/georgetown/article/landowner-may-not-build-on-rezoned-hilltop-says-lim
Adding things up from the list above and Malaysian Insider’s report, should we understand that anything confirmed on 2007 but not adopted, warrants an approval? If yes, what is the logic? State government will get sued and will get bankrupt?
55 high-rise projects on hills in 7 years ? This got to be more than the number of projects approved in the previous 50 years by Tokong’s predecessors.
Again, the CAT government caught lying. LGE has been going around and telling everyone that his govt never approved any projects on the hills but this claim has been proven a lie by Penangites who are seeing such projects with their own eyes….
Well they claim that many of these are ‘special projects’ carried over from previous BN admin.
Anil, it is easy to disprove this claim that these projects were a legacy of the previous government. Just look at the date of approval. Even if these projects were initiated before 2008, the approvals were granted recently, some as late as 2015. And why did MPPP approved these projects as they have no obligations to approve them, if these were initiated under the previous administration, as they claim. Legally until official approval is granted, the local councils have no obligation to the private companies. Furthermore, if I am not mistaken, the local councils have the right to cancel any… Read more »
I was told by a property agent that certain developers have difficulty finding new land on Penang island for their housing projects. They are considering en-bloc purchase of old low lying estate for their precious land. They will probably take advantage of the poor economic situation to buy cheap, as many residents in old estates are willing to cash in their old properties and migrate to cheaper and bigger homes on the mainland.
Expert’s View on Penang Property Market, with Numbers and Figures
http://www.penangpropertytalk.com/2016/01/experts-view-on-penang-property-market-with-numbers-and-figures/
For the first half of 2016, Penang will see a total 7,500 residential units transacted worth of RM2.7 billion. The primary market will record about 1,200 transactions with the estimated value of RM500 million while the number of secondary property transactions will hover at 6,300 units with a total transaction value of RM2.2 billion for the first half of 2016.
Can plant more trees (and maintain well) in the city, just like Singapore, towards Greener Penang.
Singapore: Concrete jungle or greenest city on Earth?
http://edition.cnn.com/2015/06/11/travel/singapore-greenest-city/
As Singapore’s population and economy grew, so did its green cover: it was about 36% in the 1980s and it now stands at 47%, according to the Center for Liveable cities. And while the word “green” can take on a variety of connotations, Singapore appears to encompass them all — lush environments, renewable energy and future sustainability.
‘Special Projects’ are CAT’s convenient classifications to bluff around its Greener & Cleaner Penang. For want of development money, isn’t it a legalised conduit to please the greedy-not-enough developers (some from KL) for on-going swap deals tango? Q: How many Penangites are qualified to buy houses at current prices & matching current volume of houses being built in Penang (for speculation or for real demand for affordable houses?) We will see an oversupply in the near future & CAT must be made fully answerable in terms of opportunity cost of land development for otherwise more greener pursuits & more sane… Read more »
I hope Lim Guan Eng has a good answer for this. Otherwise… folks may start asking you if your DAP-led state government is going the UMNO-dominated BN route.
I thought the state gov said no approvals above 250 ft since 2008?
They claim that some of these are ‘special projects’ while others had land straddling the 250 feet threshold in which case buildings were only allowed to be built below 250 feet. But why allow highrise towers on hill land in the first place?
1) what does ‘special projects’ mean?
2) which is ‘special projects’ from the list?
3) the list is titled ‘… on hill land of 76 m (250 ft) and above’, if we follow the title, that means 55 of them are 250 ft and above and Anil, you are saying there exists those who are land straddling? That means there are more that are built near the threshold of 250 feet?
4) in the list, what is # Other?
5) and wow … tanjung bunga’s and paya terubong’s 45-storey trump all
Re 1) and 2)… will touch on this in a future blog entry.
Re 3) … yes, the state govt is saying some of these plote straddle the 250ft threshold in which case they dont allow any buildings above the 250ft mark.
4) no idea.
Something seems off.
If its above, its above. If its below, then its below.
If its above, it should be in that list. If its not, then no.
How many out of the 55 are considered special projects? And how many are at the threshold?
This raises even more questions..
CM said all are special projects, but then Chow said not all of them are and there are those straddling the threshold – though they claim they dont allow any buildings above 250ft.
But then that raises questions as to how that portion of the hillslope above 250ft is cut.
As I recall, these “special projects” are defined as public projects that have direct benefits to people for example water treatment plants, electricity generation facilities, security facilities, etc and NOT private projects whose sole aim is to make profit. Something has gone terribly wrong under the Tokong Regime.