MPPP offers properties

GEORGE TOWN: Seventeen properties and a piece of land belonging to the Penang Municipal Council (MPPP) on the island are to be sold through open tender at a reserved price of RM18.6mil.

State Local Government and Traffic Management Committee chairman Chow Kon Yeow said the land and properties had a total land area of 0.8ha.

The land is a 0.4ha site in Jalan Sultan Azlan Shah, while the rest are three retail lots in Prangin Mall and 14 pre-war landed properties in Jalan Hutton, Lebuh Kimberley, and Jalan C.Y. Choy.

High maintenance cost incurred for the retail and pre-war properties and the need to raise funds for land purchase were among the reasons for the planned sale, said Chow.

“The proceeds from the sale will go towards funds to acquire new land,” he said.

Chow added that MPPP planned to acquire two plots of land in Balik Pulau and Jalan Masjid Negri and a market-cum-hawker complex in Teluk Kumbar and in Batu Ferringhi totaling 7.89ha for RM40mil.

“The 956 sq m land in Balik Pulau is planned for a recreational park, while the 0.8ha site in Jalan Masjid Negri is for a road widening project,” he said.

Chow said seven plots of land in Lebuh Union, Jalan Burmah, Jalan Hamilton, Jalan Kuala Kangsar, Lebuhraya Batu Lanchang, Jalan Cheesemen and Jalan Free School, and two condominium units in Pesiaran Gurney totalling 3.6ha had been sold since 1990 for RM29.4mil.

“Some RM44.1mil has also been spent on acquiring six plots of land totalling 117.6ha on the island for the development of community parks, public markets, landfills, access roads, and car parking bays,” he said.

On state Barisan Nasional Youth chief Oh Tong Keong's recent statement that Penang Chief Minister Lim Guan Eng might one day sell off Komtar and that Penang land was not for cheap sale, Chow said the bulk of Komtar had already been sold off.

Chow said about 60% of the Komtar Urban Redevelopment Project had been sold to private developers since 1983.

Chow said the Penang Development Cor-poration (PDC) still owned 42.95% of Komtar Tower, and 37.59% of the Komtar podium.

“The rest of the Komtar Tower was sold to state and federal government agencies, and the remainder of the podium to retailing businesses.

“PDC also owns the 1.8ha site of Phase 5, which has been designated for the Penang Heritage Square project,” he added. - The Star