CM: 121,000
houses built since 1994
11/06/2005 The Star Penang
The Penang state government has approved the construction of about 121,000
units of houses since 1994.
Chief Minister Tan Sri Dr Koh Tsu Koon said it had also approved 5,000 units
of commercial property covering 14mil sq m of land.
“As for hotels, we have approved 15,000 rooms totalling about 1.9mil sq m
in floor space,” he said at the opening of MAPEX (Malaysia Property Exhibition)
2005 here yesterday.
Dr Koh said the island was only about 300sq km in area, compared to Seberang
Prai, which was about 700sq m in area.
“Since it is smaller,permission to develop projects on the island is harder
to obtain, compared to Seberang Prai.
“If a project is on the hills, then we have to consider the impact of hill
cutting and the environment.
“Since our roads are much narrower, we also have to consider the impact of
the project on the flow of traffic,” he said.
Dr Koh said he had instructed the heads of the two local councils to convene
the SPEAD (Surveyors Planners, Engineers, Architects, and Developers) meeting
to resolve problems faced by property developers.
The MAPEX 2005, held at the Penang International Sports Arena until tomorrow,
is organised by Real Estate & Housing Developer Association (REDHA) and Kwong
Wah Jit Poh.
A total of 54 booths were set up at the exhibition by local and outstation
developers and financial institutions. |
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