News by The Malaysian Insider

Master Builders Association Malaysia (MBAM) president Matthew Tee, however, said that the situation could change if the ringgit continued its downward slide against the US dollar.

Penang Real Estate and Housing Developers Association (Rehda) chairman Datuk Jerry Chan said the outlook for the property sector in 2016 remains positive, adding that there would still be demand for the affordable housing in the segment priced below RM1 million despite the bleak economic outlook and weak ringgit.

Chief Minister Lim Guan Eng said letters were sent yesterday to IJM subsidiary Jelutong Development Sdn Bhd and Eastern and Oriental (E&O) Bhd subsidiary Tanjung Pinang Development Sdn Bhd, seeking their consent for the documents to be revealed.

CAP urged the Penang government to consider the impact on the environment and on the livelihoods of local communities before proceeding with any project. 

State Urban Wellbeing, Housing and Local Government Committee chairman Datuk Jalaluddin Alias said previously, the authorities focused on landed property and it was time flat residents were provided with the facility.

Lim Guan Eng said his government was not playing a game with its promise to publicly disclose the agreements, adding that "this is the reality".

Penang Forum steering committee said they had agreed to meet in the first week of January after the holiday season.

State housing exco Jagdeep Singh Deo said the state housing department would consider the "disappointed" candidates’ applications for an affordable home in Penang.

The railway scheme covers both the island and mainland, with one LRT and two monorail lines on the island, one LRT line across the sea linking both sides of Penang, and a bus rapid transit (BRT) system.

The council's one-stop-centre councillors, Lee Suet Sen, Tang Fuie Koh and Cynthia Gabriel said in a joint statement that MBPJ had already decided that a Special Area Plan needs to be prepared, taking into account imbalances in sustainable development in PJ.