fbpx
Connect with us

News

Malaysians Distraught As Part Of Georgetown Is Now Singapore-Owned!

Published

Malaysians Distraught As Part Of Georgetown Is Now Singapore-Owned! - World Of Buzz

Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.

Credit: flickr/mikesharp

A plethora of corporations from ‘The Lion City’ are in a mad dash for properties in Penang.

According to a report by Malaysiakini, heritage buildings around Lorong Bertam and Lebuh Noordin are beginning to succumb to the investors much to the dismay of local penangites, some of whom have been slapped with eviction notices.

Http://Images.wisegeek.com/Eviction-Notice-On-Door.jpg

(image for visualisation only) source: wisegeek. Com

A publication by the Straits Times paints another story, showing how since the acquisition of some pre-war shop-lots on Jalan Pintal Tali see an increment in rental from around RM1,300 a month to an eye-watering RM7,000-RM10,000 a month! SGD-MYR exchange rate also not that high one lah!

Faint Fainting Movies Reaction Dead

Source: giply

When contacted by the Straits Times, a local real estate agent simply replied that the appetite for old Penang estates has been an “open secret” within the Penang property market and that the Singaporean investors “see something in our pre-war properties that local investors don’t”.

Https://Admin.todayonline.com/Sites/Default/Files/Styles/Large/Public/Photos/43_Images/25941739.Jpg?Itok=Vsfufek7

source: todayonline. Com

Malaysian journalist extraordinaire Anil Netto singled out World Class Land (WCL) to be a major culprit; evicting tenants from 37 homes along Noordin Street/Gurdwara Road with intent to convert it into high-rise condos and office complexes.

Sad Depressed Disappointed Yoda The Empire Strikes Back

source: reddit. Com

George Town Heritage Action founder Mark Lay has stated to Mr. Netto that WCL is in control of 128 properties which was visualised via what appears to be satellite imagery (shown below).

Wcl Snaps Up 128 Houses In 7 Streets Precinct

source: anilnetto. Com

Mark has stated that WCL’s actions are very much legal, however he stresses there is a “moral issue” to be had here, in the “loss of diversity” in terms of historical architecture and the displacement of locals. On the same post on anilnetto.com he has come up with 5 steps to put the brakes on the bulk purchases of “heritage properties”.

1. Limit the change of use for heritage buildings.

2. Zone out certain activities – ie high-end businesses which do not benefit the local community.

3. Make use of provisions of the Penang Heritage Enactment/Penang Heritage Regulations 2016. The enactment provides for the position of an all-powerful state heritage commissioner, who can “declare any cultural heritage and natural heritage as state heritage”.

4. Involve the National Heritage Department (JWN) – should the buffer zone be extended to cover Seven Streets Precinct?

5. Involve Unesco – seek advice/comments when Unesco officials come to assess Sia Boey.

Https://Pbs.twimg.com/Media/Cor4Fnwusae_Nlg.jpg

source: twitter. Com

Now whether or not this would be effective or just another empty can remains to be seen, but I say it’s about time to have an honest debate on the topic; leave your thoughts in the comments or on social media, gais!


Follow us on Facebook, Youtube, Twitter, and Instagram for the latest stories and updates daily.



Just In

Feat Image Rural Roads Malaysia Feat Image Rural Roads Malaysia
News3 hours ago

Rural Development Minister: Govt Allocates Over RM1.2 Billion To Improve Road Systems In Rural Areas

Rural Development Minister, Datuk Seri Mahdzir Khalid revealed that the government has allocated over RM1.2 billion to provide a better...

244291977 2069541206527870 5744218834695855290 N 244291977 2069541206527870 5744218834695855290 N
News3 hours ago

Dubai Is Building A Huge, $5 Billion Moon Hotel That Has Low-Gravity Walking Experience

There will finally be a “moon” on earth.  This moon-shaped hotel is a giant replica of the moon and will...

Taiwan Ft Taiwan Ft
Lifestyle5 hours ago

Taiwan Resumes Visa-free Entry For Selected Countries Including Malaysia!

Taiwan further opens its borders to eligible countries. According to the Central Epidemic Command Center (CECC), the visa-exempt entry scheme...

3 004 3 004
News1 day ago

MUDA Party Hits The Streets For #NyawaDuluBaruPRU Protest

In recent weeks, the MUDA party has called for protest at the SOGO shopping complex in Kuala Lumpur, which started...

1 006 1 006
News1 day ago

WATCH: Two Riders Victimised In Freak Accident By Reckless Drivers In Klang

Reckless driving is a serious traffic offense involving the reckless disregard of the safety of others. It can cause accidents, damage...

Feat Image Pm Un Rohingya Feat Image Pm Un Rohingya
News1 day ago

PM Urges More Countries To Take In Rohingya Refugees During UN General Assembly Speech

Prime Minister Datuk Seri Ismail Sabri Yaakob has called upon all countries to take in more Rohingya refugees to be...

Feat Image Free Wifi Hospital Feat Image Free Wifi Hospital
News1 day ago

KJ: All Government Hospitals To Provide Free WiFi, Starting With Hospital Rembau

Health Minister Khairy Jamaluddin has announced that the government intends to provide free WiFi at all government hospitals, with Hospital...

Bkm Bkm
News2 days ago

GOV: BKM Phase 3 Payout Will Commence on September 20, Phase 4 Payout in December

When the pandemic hit the world, many companies were forced to shut their company down or lay off some staff...

Announcement

Latest Videos



TRENDING TODAY