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LETTER | Nurul Izzah right about cancelling PSR project


LETTER | Nurul Izzah right about cancelling PSR project
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LETTER | The Permatang Pauh Member of Parliament deserves a commendation for coming out strongly against Penang South Reclamation Project (PSR). 
What is more, Nurul Izzah Anwar’s stance on this issue has validated years of struggle that were mounted by the Penang Forum and other civil society organisations against the Penang government’s unthinking decision to embark on a massive reclamation project to finance the Penang Transport Masterplan (PTMP). 
It is worth mentioning here that before this controversial project had become public knowledge, the Centre for Policy Research and International Studies, Universiti Sains Malaysia was commissioned in 2015 by former Balik Pulau Member of Parliament and deputy health minister Helmi Yahya to undertake a comprehensive social impact assessment (SIA) on the repercussions of this inhumane project on not only the people in the immediate vicinity of the proj ....

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The Edge | Raine & Horne International Zaki+Partners Penang housing Property Monitor (3Q2020): Sharp decline seen in 1H2020 for Penang property market


In Malaysia, the Covid-19 outbreak and subsequent Movement Control Order (MCO) badly affected many sectors, especially in the first half of the year. The current third wave of infections and further political turmoil have added to the uncertainties that the country is already facing.
For the property sector, with business being disrupted due to the closure of sales galleries, developers and agents have turned to online platforms to sell their properties and close sales. While developers have offered many packages and incentives, the performance of the property market continues to be impacted by Covid-19.
In presenting the 3Q2020 Penang Housing Property Monitor, Raine & Horne International Zaki + Partners Sdn Bhd senior partner Michael Geh notes that Penang’s property market performed poorly in the first half of the year. The Ministry of Finance’s Valuation and Property Services Department data shows that real estate transactions in the state experienced a sharp decline ....

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