Penang development

Penang urges BNM to keep DIBS for first-time house buyers; The Malay Mail Online; April 13, 2014; http://www.themalaymailonline.com/money/article/penang-urges-bnm-to-keep-dibs-for-first-time-house-buyers; Penang Chief Minister Lim Guan Eng urged Bank Negara to reinstate Developer Interest Bearing Scheme DIBS for the benefit of first-time buyers of affordable housing.

Penang folk to pay more to prevent water wastage, New Straits Times; 3 April 2014, http://www.nst.com.my/nation/general/penang-folk-to-pay-more-to-prevent-water-wastage-1.546524; GEORGE TOWN: PENANG folk will soon have to dig deeper into their pockets to pay their water bills. According to Chief Minister Lim Guan Eng, this was because many Penangites were wasting water, which he believed could lead to scarcity, as seen in ...

Consumer groups urge Penang to scrap land reclamation project, The Malaysian Insider, April 02, 2014, http://www.themalaysianinsider.com/malaysia/article/consumer-organisations-urge-penang-to-scrap-land-reclamation-project; Consumers' Association of Penang (CAP) president SM Mohamed Idris speaks to media members during a press conference in George Town, Penang, today. - The Malaysian Insider pic by Hasnoor Hussain, April 2, 2014.Two groups have asked Penang to ...

Developers' focus shifts with Second Penang Bridge; The Star Online,  Saturday March 29, 2014 ; http://www.thestar.com.my/Business/Business-News/2014/03/29/Seberang-Prai-in-the-spotlight-Developers-focus-shifts-with-the-opening-of-the-second-Penang-bridge/;
DESPITE a softening property market on Penang island and Seberang Prai, Kuala Lumpur and Penang-based developers will be undertaking projects to the tune of RM4.56bil this year, a check with various developers show.

Penang Government Urged To Review STP1 Before Approving STP2; March 27 2014 (Bernama) http://www.bernama.com.my/bernama/v7/ge/newsgeneral.php?id=1025558; A coalition of progressive public interest civil society groups is urging the Penang government to review the Sri Tanjung Pinang 1 (STP1) project in Tanjung Tokong which has posted adverse impact.
 Penang Forum Steering Committee representative Leong Yueh Kwong said the sedimentation of Gurney Drive and the foul smell at low tide, are the most visible adverse impact of STP1.  He said STP1 which involved about 97 hectare land reclamation was completed in 2006 and the environmental impact was evident to all Penangites. "Given that STP1 has been completed and the developer wishes to start work on STP2, it is timely for a review of STP1, to establish if there are lessons to be learnt for the larger and potentially more problematic STP2," he told reporters, here Thursday.