How many pre-war houses in Penang’s heritage zone have been sold to foreigners?
GEORGE TOWN (Dec 14): It looks like the saga concerning pre-war houses in Penang’s heritage zone is not going to be over soon.
Realising a collective vision
A MAN on a mission with great ambitions for his state, Penang Chief Minister Lim Guan Eng is all smiles as he strides into his office in Komtar.
Pulau Jerejak issue — Lim asks Teng to show proof on potential RM220 mil profit
GEORGE TOWN (Nov 16): Penang Chief Minister Lim Guan Eng (pictured) today asked state Gerakan chairman Teng Chang Yeow to provide proof that the DAP-led state government stood to gain RM220 million in profit if it did not cancel an agreement with Ideal Properties to develop Pulau Jerejak.
Zenith picks up BUCG’s stake in consortium
GEORGE TOWN (Sept 8): Consortium Zenith BUCG Sdn Bhd (CZBUCG) has decided not to look for a new shareholder to replace Beijing Urban Construction Group Co Ltd (BUCG) in the RM6.
China's BUCG removed from RM6.3 bil Penang mega project
GEORGE TOWN (Sept 6): Chinese state-run firm Beijing Urban Construction Group Co Ltd (BUCG) has been removed as partner in a consortium tasked with building the RM6.
Penang opts for costlier elevated LRT system, less social impact
GEORGE TOWN (Aug 11): Penang state government has decided to build a RM4.
Penang mulls cap on pre-war building rental hikes to 20% over 4 to 5 years, says CM
PENANG (Aug 5): Penang is mulling a cap on rental hikes in pre-war buildings to 20% over a period of four to five years, in contrast with more exorbitant hikes of 100% to 200% observed in recent times, said Penang chief minister Lim Guan Eng at the Penang International Property (PIP) Summit conference today.
Penang proposing rent control on pre-war buildings at Unesco heritage site
GEORGE TOWN (Aug 2): The Penang government is proposing a rent control policy for pre-war buildings after numerous complaints from business operators in the George Town Unesco World Heritage Site over excessive rental hikes, Bernama reported today.
Rent control may drive down values of heritage and pre-war properties
KUALA LUMPUR (July 9): Real estate experts cautioned against reintroducing rent control on heritage and pre-war properties in Penang, as it may drive up the cost of maintaining these properties, lowering their values and impacting tourism as a result.
Penang rebuts claim it owes CZBUCG RM100m in feasibility studies fees
GEORGE TOWN (June 30): The Penang government yesterday rebutted Consortium Zenith BUCG Sdn Bhd’s (CZBUCG) claim that the latter has yet to receive RM100 million as payment for the feasibility studies and detailed design work the consortium had completed so far for the RM6.
