PETALING JAYA: Developers in Penang are hoping to have their outstanding issues resolved by the new chief minister after the general elections in March. Although the Real Estate and Housing Developers’ Association (Rehda) Penang chapter has frequent dialogue sessions with the state government to voice concerns, branch chairman Datuk Jerry Chan hopes to see some improvement.
“I’m sure the successor will want to clear all the outstanding issues faced by developers during his predecessor’s tenure,” he told theSun.
One of the challenges faced by developers currently are the low-density guidelines, which have existed for over 20 years, said Chan. “Such guidelines are no longer reflective of today’s market and ideally, density guidelines have to be revised every five years.”
Chan said developers are also hoping for the abolishment of the back-lane requirement for terraced houses in new developments. “It compromises security and break-ins can easily happen. Some people also like to park their cars there and erect structures,” he added.
Apart from this, developers in the state have also been lobbying for a faster release of bumiputera units. “The state government needs to know where such units ought to be located on the island. There are certain areas where developers will face difficulties in getting bumiputera buyers,” Chan said.
On the prices of landed properties in Penang, Chan said it remained firm with good demand. “Despite rising land and construction costs, we are still experiencing consistently good demand from locals and foreigners alike.”
By theSun (by Loo Pik Kwan)
Tuesday, March 4, 2008
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