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Showing posts with label heritage hotel penang. Show all posts
Showing posts with label heritage hotel penang. Show all posts

Monday, May 25, 2015

Penang | MM2H | Heritage Building Under Thread To Be Saved

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A NON-GOVERNMENTAL organisation (NGO) has expressed concern about the possible demolition of a heritage building in Anson Road to make way for a high-rise condominium tower.

Penang Citizens Chant Group (Chant) adviser Yan Lee said an application for planning permission to the Penang Island City Council (MBPP) submitted on Oct 16, last year, had been delayed since May 12.

The local council’s One-Stop Centre (OSC) portal states that the developer has submitted the application for the construction of a proposed 43-storey condominium block.

It comprises a lobby on the first and second floor, car park space from the first to 11th floor, recreational facilities from the 11th, and 40th to 43rd floor, and 75 condominium units from the sixth to 39th floor.

The application, the portal states, also includes a proposal to demolish a part of the annex at the back of the building and to restore the existing two-storey heritage building on Lot 1146, 19 Anson Road.

Lee said the building’s heritage classification could not be determined as the George Town World Heritage Incorporated (GTWHI) inventory of heritage buildings had yet to be made available.

“The preparation of inventory of heritage buildings is under the GTWHI and heritage buildings are expected to be classified under two categories.

“Category One is for buildings of high architectural and historical values which are not to be demolished, altered and extended except for restoration.

“Under Category Two are buildings with architectural values which are allowed to be renovated for adaptive reuse,” he said.

Calls made to GTWHI general manager Lim Chooi Ping to ascertain which category the building on 19 Anson Road falls under were futile as of press time.

Meanwhile, a photo of the building and a statement that read: “19 Anson Road is a heritage building? I heard the owner (is) going to tear down the heritage building for a high-rise building development.

“Please help to stop and preserve it!!!” was posted on the Facebook page of Penang Heritage Trust (PHT) president Khoo Salma on Wednesday.

Salma commented: “Another endangered heritage building outside the George Town World Heritage Site.

“This one is 19 Anson Road. MBPP, GTWHI, where is your inventory? Penang state, where is the state heritage enactment and policy?”

Under the same post, she also commented “If the Pykett illegal demolition is not appropriately penalised, the present or future owner of 19 Anson Road could just knock it down illegally and wait to get an approval for new high-rise in five years’ time”.

Lee had reportedly said in 2010 that the then Penang Municipal Council (MPPP) had issued a rebuild order to a developer who had demolished a colonial era double-storey bungalow in Pykett Avenue.

The bungalow was demolished before the council’s technical heritage review panel could arrange for an inspection of the heritage building.

When contacted, Salma said it appeared that the application by the developer was for planning permission for “40+ storeys and part demolition”.

State exco member Chow Kon Yeow, when contacted, said the application for planning permission had been tabled on May 12 but not approved.

He said the decision had been put on hold as the application was subjected to compliance with technical requirements.

Source: STARMETRO | NEWS

Related Story: Exclusive Focus: The Last And Oldest Siamese Settlement In Penang On The Verge Of Demolish

Cause for concern: Heritage enthusiasts fear that the heritage building in Anson Road, George Town, may make way for a high-rise condominium. What's your fear or rather opinion?

Boldly go. LLAP

#VulcanInternational could be contacted at +6 016 451 1321 .

You're welcome to write your constructive comment below.

Wednesday, January 14, 2015

Investor Forum Business Daily | Exchange Rates | Malaysian Ringgit versus US Dollar

Real Estate Investment Malaysia | The ringgit fell 1.3% last week to 3.5615 a dollar, the biggest loss in Asia, data compiled by Bloomberg show. The currency has weakened 14% since August 2014 and reached a five-year low of 3.5987 based on http://www.exchange-rates.org/history/MYR/USD/T today. Reserves declined 7.7% to US116bil(RM413bil) in December from November, Bank Negara reported late Thursday.

The graph below shows historical exchange rates between the Malaysian Ringgit (MYR) and the US Dollar (USD) between 7/17/2014 and 1/13/2015.

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According to Bloomberg and quoted by Starbiz from The Star newspaper today, the ringgit fell to the lowest level in more than five years on concern that a protracted slump in crude prices would erode the oil-exporting nation's revenue. Brent crude sank to levels not seen since 2009 on speculation US crude stockpiles would increase exacerbating a global supply glut.

Malaysia may review its 2015 budget to take into account the impact of falling energy costs, according to a report from the official Bernama news agency.

"Oil prices are again lower and some of that seems to be seeping through to the Malaysian ringgit," said Divya Devesh, a foreign-exchange strategist at Standard Chartered Plc in Singapore. "Until we see a stablization in crude oil prices, it's really looking like difficult times for the ringgit."

The currency has fallen in six of the last eight days and lost 9% in the past three months, the worst performance in emerging Asia. For the latest exchange rates by Bank Negara Malaysia(BNM) refer to Ringgit Foreign Exchange Rates .

This article has been written by VULCAN INT'L Real Estate Research Institute http://www.vulcanresearch.blogspot.com for VULCAN INTERNATIONAL Real Estate Investors Club http://www.vulcaninternational.blogspot.com .

#VulcanInternational could be contacted at +6 016 451 1321 .

Note: If you've factory/warehouse/land/commercial building/condominium/house to sell/let or intent to buy/rent one, do call Mr Vulcan Lau +6 016 451 1321 . We will match the buyer/tenant or seller/landlord for you from our MLS.

You're welcome to write your constructive comment below.