The state government is exploring a number of measures to bring down contribution costs imposed upon property developers, said Penang State Exco for Housing and Town & Country Planning Jagdeep Singh Deo.
The Penang state government will soon make its decision regarding a proposal to revise the current density guidelines to 128 units per acre in order to provide more affordable housing in the state.
Some developers might be deterred by the sluggish property market by pushing back their launches but Sunway Property, the property development arm of Sunway Bhd, sees opportunities in the downturn.
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Prasarana Malaysia Bhd said parking at the ‘park n ride’ facilities at LRT stations in Ara Damansara, Glenmarie, USJ21, Alam Megah, Subang Alam and Putra Heights will be charged at RM4 per entry per day.
The Penang state government is on a fact-finding mission to pin point the possible impact of a rental hike on its pre-war buildings in George Town.
Revenue also grew 74% to RM104.33 million, from RM60.01 million.
Sunway REIT’s financial performance was, however, partially offset by a weak showing from the office segment.
Ranging between 5 and 5.40 in the next five years.
The Kuala Lumpur-Singapore High Speed Rail (HSR) will be a boost to properties near the stations, if the fares are reasonable.
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