16 Nov '13, 3am

When Soho comes to Penang

Activist Tan Seng Hai raises the alert about the current fad in property development and a building frenzy in southeast Penang Island. I have received an alert from a resident in Bayan Bay near Queensbay Mall concerning a proposed new development next to their Gold Coast condomimium. The proposed development consists of four tower blocks with a total of 1900 Soho (small office, home office) units. MPPP has sent the residents there notices to raise their objections. The residents are concerned about the high density, traffic congestion and reclamation of the sea front. Developers in Penang are increasingly building Soho units. These fetch higher market prices and they also exploit loopholes in the by-laws where they do not need to provide green spaces, allocated parking spaces and other amenities required for residential units. Many buyers are also not informed at the point...

Full article: http://anilnetto.com/economy/development-issues/when-soho...

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