Penang Property | Property Penang | Buildings only on land below76m(250feet) in height

Wednesday June 6, 2012

GEORGE TOWN: Hillslope development in Penang will only be approved if the land is less than 76m high.

However, State Local Government and Traffic Management Committee chairman Chow Kon Yeow said developers who had obtained planning permission from the Seberang Prai Municipal Council and Penang Municipal Council prior to 2007 were exempted from the ruling.

“Yes, we have approved hillslope development but our approval is subject to scrutiny by the high-risk land development committee as well as over 10 other relevant authorities, including the local councils' internal departments,” he said.

Chow said the local councils were finalising their reports on hillslope development approvals for submission to the Housing and Local Government Ministry.

“We will submit a full report by this week,” he said.

State Public Works, Utilities and Transportation Committee chairman Lim Hock Seng said recommendations of the high-risk land development committee, which he heads, were not binding on the local councils.

The committee comprises professional bodies such as the Mineral and Geo-Science Department, Public Works Department, Drainage and Irrigation Department and Public Works Institute.

State Town and Country Planning, Housing and Arts Committee chairman Wong Hon Wai said hillslope development was necesssary as the Penang population of 1.6 million was expected to reach two million by 2020.

Source reference link: http://thestar.com.my/news/story.asp?file=/2012/6/6/nation/11426213&sec=nation

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Malaysia | Hassle-free Land Split

>Public can go online for speedy division of small estates<

BY HEMANANTHANl SIVANANDAM
newsdesk@thesundaily.com

8-June-2012

PUTRAJAYA: The public can now submit online applications for the division of small estates (valued bdow RM2 million). Natural Resources and Environment Minister Datuk Seri Douglas Uggah Embas said the online application service is an alternative platform to help heirs dealing with claims for the division of property bypass the hassle of having to go to the Office of Small Estate Distribution for due procedures.

"This platform allows for anywhere, as long as there is internet access," said Douglas when launching the service at his ministry yesterday.

He said the Department of Director- General of Lands and Mines (Federal), which is offering the service, is responsible for handling and solving the division of estates valued at RM2 million and below, as stipulated under the Small Estate (Distribution) Act 1955.

The Act, Douglas said, was established to help people solve the problem of estate distribution without much hassle.

"With this Act, all small estate settlement processes can be done at the Inheritance Division Unit of the Department of Director-General of Lands and Mines (Federal).

"Therefore, beneficiaries will no longer have to deal with the matter in the High Court," said Douglas.

He said the service also allows all parties involved to check the status of registration, property valuation, confirmation from the High Court, and notice of trial.

The Department of Director-General of Lands and Mines (Federal) has also set a target of three months to settle each claim.

Douglas said that last year the department received 53,928 cases nationwide and managed to solve 63.3% of them within the five-and-a half-month deadline.

He also said that from January to April this year, the department disposed of a total of 73.3% of the cases, with an average of 4,000 to 5,000 applications processed every month.

FOR MORE INFO visit: www.kptg.gov.my

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Malaysia | Small Estate (Distribution) Act 1955

The public can now submit online application for the division of small estate(valued below RM2 million)
as stipulated under the Small Estate (Distribution) Act 1955 MALAYSIA.

For more details refer to: http://www.kptg.gov.my/ms/small-estate-inheritance.html

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Cyberjaya set to become Malaysia’s Silicon Valley by 2020

June 2, 2012 by: FMT Staff

VulcanInternational's comment: I was in Cyberjaya barely one month ago for the observation of Pangaea's Paragon (OSK Development) progress prior to the property roadshow at Gurney Plaza , Penang as I'm involved in marketing it in Penang.

It was Sunday morning and traffic at Cyberjaya was clear(few cars were on the road) along the way to the site. Traffic did pick up nearing MMU (MultiMedia University) with students been seen waiting at bus stop. The Pangaea's Paragon is about 400 meter away from MMU. In between them stands Cyberia Smarthomes. Other development at it's vicinity are Symphony(across the road) and The Arc(beside Pangaea's Paragon).

The Pangaea's Paragon is build on six acres of land comprising SOFO units, Gallery, Patio, three blocks of condo and a hotel. Picture(below): Model of Pangaea's overall development(in blue color).

All these developments will contribute to the prosperity of Cyberjaya.
____________________________
CYBERJAYA: The master developer of Cyberjaya, Setia Haruman Sdn Bhd, is confident Cyberjaya will be fully transformed into the Silicon Valley of Malaysia by 2020.

Its chairman, Mustapha Kamal Abu Bakar, said by then Kuala Lumpur and Cyberjaya would be seamless intelligent cities with high-impact companies providing high-value jobs.

“We’re ready, although a little late, but it’s timely. Ultimately this whole area would become a Multimedia Supercorridor,” he said at a press briefing.

Promising to be a city of the future, Cyberjaya has become a leading edge for multimedia centres in Malaysia, capable of attracting world-class multimedia and ICT companies, as well as, professionals and students.
Mustapha said at present, a new wave of investment by 16 companies was taking place, which would inject about RM20 billion until 2016.

Out of the RM20 billion, Setia Haruman will contribute RM2.5 billion and enjoy a margin of between 20% and 30% from its investment.

Mustapha said the development in Cyberjaya has also gained momentum, with the price of office space having soared by about 30% in the last two years.

Previously, he said the company had to subsidise office rental rates.

“But now it has risen to RM5 per square foot, from RM1 previously. That gives an indication of growth. I am anticipating by 2016, the rental is going to be far better than RM5,” he said.

Besides its high potential, Mustapha said the property market in Cyberjaya would be stable because there were almost 20,000 students living in the area.

“Even if there’s a change in market situation for a period of time, Cyberjaya can still take it,” he said.

Choice of investors

Setia Haruman has been entrusted with the role to plan, design and prepare the primary infrastructure for the Cyberjaya Flagship Zone.

The area covers 2,851 hectares of freehold land consisting of four main zones known as enterprise, commercial, institutional and residential.

Each zone is fully equipped with a host of intelligent network services and interactive broadband services.

The city is also fully equipped with wireless interactive city broadband services, fibre-optic networks and the latest information technology infrastructure and facilities.

Mustapha said Setia Haruman still has about 400 hectares of landbank left to be developed in the future.

“Bear in mind there’s no other developer that has that amount of landbank fully equipped with infrastructure, amenities and facilities.

“My job as a developer is to provide facilities so that it becomes the choice of investors. Time is the essence for the whole thing,” Mustapha said.

- Bernama

Source reference link:
http://www.freemalaysiatoday.com/category/business/2012/06/02/cyberjaya-set-to-become-malaysias-silicon-valley-by-2020/

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Penang Property | New development at Bayan Baru, Penang : Part 2

The floor plan layout.

Private Pre Sale Booking enjoy 10% discount. Interested please contact Vulcan Lau, Mobile: +6 016 451 1321 for more information.

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