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80% Of Home Owners Have Secured Original Land Titles

Extract from The Star (15/03/11)

THE four-month struggle of Taman Kepong residents for land titles is nearly complete, however, the problem may be more widespread than imagined.

Status of their land titles first came to light when a case involving a 76-year-old woman who had received a photocopy of the document, instead of the original, from the Federal Territory Land and Mines Office in the early 1990s was discovered recently.

With the help of Kepong MP Dr Tan Seng Giaw, the Taman Kepong Action Group chairman M.U. Arumugam and his team has secured permanent land title grants for 80% of house owners.

“The problem was caused by the developer not conducting a proper survey. The calculation was in sq ft instead of per sq meter,” said Arumugam.

Clarify: Dr Tan standing right) and Arumugam (seated right) briefing the residents on the status of the land titles.


Lack Of Parking Facilities A Hot Topic At MRT Meeting

Extract from The Star (15/03/11)

CONCERNS over the lack of parking facilities at the proposed MRT stations in Cheras for the Sungai Buloh-Kajang line was the main issue brought up by residents at a meeting organized by Cheras MP Tan Kok Wai on Sunday at the FT DAP headquarters.

About 200 residents and property owners attended the briefing which was conducted by Tan, DAP Cheras legal adviser Eric Tan and town planner and environmental consultant Pratap Chandran.

Kok Wai said from the way the stations were planned, it would seem that the authorities were solving problems by creating another problem.

“Out of the six stations located in Cheras, only two have park and ride facilities. The Plaza Pheonix station which serves Taman Connought, Taman Len Sen, Bukit Anggerik, Bukit Cheras and many other neighborhoods has only 250 parking bays while there is no information on the number of parking bays at the Maluri station,’’ Kok Wai said.


TM Unit Gets A Further 10-Year Concession Deal On Menara KL

Extract from The Star (15/03/11)

KUALA LUMPUR: Telekom Malaysia Bhd (TM) subsidiary Menara Kuala Lumpur Sdn Bhd (MKLSB) has signed a 10-year concession agreement worth RM50mil with the Government.

MKLSB will be responsible for the operation, management and maintenance of Menara Kuala Lumpur and MKL land which comprises five lots of federal land held by the Federal Land Commissioner.

“This is a renewal contract from the previous 15-year concession agreement. We are thankful to the Government for giving us the concession to maintain and operate the tower,” TM group chief executive Datuk Seri Zamzamzairani Mohd Isa said after a signing ceremony between MKLSB and the Government yesterday.

Also present at the signing ceremony were Information, Communication and Culture Minister Datuk Seri Utama Dr Rais Yatim, TM chairman Datuk Dr Halim Shafie and MKLSB chairman Tan Sri Md Radzi Mansor.


Seri Alam To Start Rail Project In Two Years

Extract from The Star (15/03/11)

It identifies site for integrated transport hub in Iskandar

PASIR GUDANG: Seri Alam Properties Sdn Bhd hopes to start developing an integrated transportation hub project for the Eastern Gate Development Zone in Iskandar Malaysia in the next two years.

Seri Alam acting head of subsidiary Frankie Tan Kiat How said a 3.19ha land next to a private specialist centre in Bandar Seri Alam township here had been identified as the site for the project.

“We have submitted the development plan to the Iskandar Regional Development Authority (Irda) and it will liaise with relevant authorities for approvals,'' he told StarBiz.

There were several options in developing the hub. The project could be undertaken as a private finance initiative, build-operate-transfer or build-operate-lease of funding from the Government Facilitation Fund, Tan said this after hosting an appreciation lunch for the members of Johor Baru media and the company's corporate clients here recently.


Putting The Screws On Errant Developers

Extract from The Star (15/03/11)

SHAH ALAM: With the launch of the My First Home Scheme, the Government may review the Housing Developers’ Act to make developers more accountable.

Housing and Local Government Minister Datuk Chor Chee Heung said the Act needed to be balanced to make it fair to buyers and developers.

“We are looking into revamping the Act to add more stringent measures and regulations. I would like to see developers complete their scheme, as advertised,” he told reporters after officiating SP Setia Bhd’s new smartphone application here yesterday.

Chor said there were several cases where people were cheated by misleading housing advertisements.


Housing Act To Be Tightened To Protect Buyers, Says Minister

Extract from Bernama (14/03/11)

SHAH ALAM -- The Housing Developers Act is being overhauled to protect buyers, Minister of Housing and Local Government Datuk Chor Chee Heung said Monday.

He said that irresponsible housing developers were a problem, and the best way to address this is to "tighten" the Act.

"We are overhauling the Act to put in more stringent rules and regulations to make developers accountable and protect the buyers.

"We are looking at ways to make the Act more stringent at entry level for upcoming developers," he told reporters after launching Setia App, the new smartphone application of SP Setia Berhad.


Mah Sing Wins Big At Asiamoney Corporate Governance Poll

Extract from Bernama (14/03/11)

KUALA LUMPUR -- Mah Sing Group Bhd won six awards in all categories awarded to Malaysia at the recent 8th Asiamoney Corporate Governance Poll.

The listed property developer took awards for Malaysia's Overall Best Company for Corporate Governance, Malaysia's Best for Disclosure and Transparency, Malaysia's Best for Responsibilities of Management and the Board of Directors, Malaysia's Best for Shareholders' Right and Equitable Treatment, Malaysia's Best for Investor Relations and Malaysia's Best for Investor Relations Officer.

In a statement here Monday, Mah Sing quoted Asiamoney's Deputy Publisher, Lee Mee Ling saying that the polls evaluated the corporate governance standards in Asia Pacific.

The results from the poll provide an objective overview of which companies are complying with regulations that uphold shareholders' expectations, Lee said.


Benalec's Unit To Undertake Reclamation Works In Melaka

Extract from Bernama (14/03/11)

KUALA LUMPUR -- Benalec Holdings Bhd's subsidiary Jayamas Cekap Sdn Bhd has entered into a Deed of Assignment (DOA) with Yayasan DMDI to undertake reclamation works at Kota Laksamana, Melaka.

DMDI, which has the concession rights from the state will assign its rights and transfer its liabilities and obligations under the concession to Jayamas.

Upon completion of the reclamation works, the reclaimed land will measure approximately 100 hectares, it said in a filing to Bursa Malaysia today.

Under the DOA, Jayamas needs to surrender 16.7 hectares of the nett saleable areas of the proposed reclaimed land and pay a non-refundable commitment fee of RM100,000 as well as earnest money of RM1.25 million to the state government.


SAMB Buys Digital Mall At RM52Mil

Extract from The Star (14/03/11)

MALACCA: Syarikat Air Melaka Berhad (SAMB) has acquired the Digital Mall building in Jalan Hang Tuah here at the cost of RM52 mil, Chief Minister Datuk Seri Mohd Ali Rustam said.

Of the amount, he said, RM35.5mil was for the purchase of the building, RM14.6mil for the construction of additional five floors and RM1.9mil for interior decoration works.

The SAMB would occupy the building, he said at the state legislative assembly sitting here on Thursday.

“SAMB is now operating at Graha Maju building and in need of its own building because the (Graha Maju) premises will be occupied by Universiti Teknologi Mara (UiTM) for its town campus,” he said.


More Shopping Options In Nilai

Extract from The Star (14/03/11)

SHOPPERS in Nilai, Negri Sembilan now have a brand new shopping option with the opening of the Tesco Putra Nilai store.

The new store located near the Selangor and Negri Sembilan border is Tesco’s 38th store in Malaysia to date and the second to be built in Negri Sembilan.

The store looks set to be a hit with customers as it not only offers fantastic range of products at low prices but it also also features over 40 outlets offering a host of products. It has popular eateries and shops such as KFC, Focus Point and Bata to name a few.

Tesco Malaysia CEO Tjeerd Jegen said: “We are extremely excited with the opening of our new store in Negri Sembilan as we now have the chance to serve a larger set of the community and bring them the freshest products at low prices that we are known for.”