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He also said that a central database on homeownership and the distribution of affordable homes are important issues.

He had written to the federal government on June 29 seeking financial assistance for the project, which is part of the Penang Transport Master Plan (PTMP).

In a filing with Bursa Malaysia today, NWP said the termination of the turnkey construction heads of agreement (HoA) was due to not much progress and/or further negotiation taking place since entering into the agreement

The project is likely to cost RM4 billion.

DBKL would only need to compensate the developer if it had canceled the project's development order and was taken to court by the developer

These include lowering taxes and development charges imposed by the government onto property developers, said housing and local government committee chairman Paul Yong.

The incident began after he got into a squabble with a friend while dining at a restaurant at the shopping centre.

“This is because some of the projects had received a sum of allocation as though the work has been completed for 85%, but in reality only 15% of the work is completed.”

Their representatives had earlier showed up outside the State Assembly building along Light Street in George Town with a banner and cardboard posters proclaiming their support for the plan and decrying the terrible traffic they endure every day

Penang government had imposed a caveat prohibiting the transfer or sale of land belonging to the sovereign investment fund, said Chief Minister Chow Kon Yeow.