Event to thrash out property concerns


THE state government will look into the issues and concerns facing the property industry during the Penang International Property (PIP) Mid-Term Review 2016.

State Housing Committee chairman Jagdeep Singh Deo said he would engage the practitioners, stakeholders and decision makers of property and related sectors before mapping the appropriate strategies for the industry’s growth.

“The conference will allow key personnel in public and private sectors to exchange news and views.

“I will begin the conference with a review of salient issues discussed during the PIP Summit Conference held in January this year.

“I will also update the attendees on developments since January including deliberations and changes to policies and guidelines pertaining to the industry,” Jagdeep said at a press conference in Komtar yesterday.

The PIP is scheduled to be held on Friday at St Jo’s Chapel of Gurney Paragon Mall on an invitation basis.

Highlight of the conference will be the evaluation by Jagdeep and state exco member Chow Kon Yeow on the proposed rent control of pre-war heritage buildings in the George Town precinct.

Jagdeep said the views and reactions from the participants on the rent control proposal were keenly anticipated.

“Chow will also update participants on the Penang Transport Master Plan (PTMP) and focus on public feedback received since the announcement of the PTMP.

“Chief Minister Lim Guan Eng will also give a luncheon address during the event,” said Jagdeep.

Jagdeep said a panel discussion on the ‘Prospects of the Property Sector in 2017’ should see lively exchanges among the panellists.

He said he would chair the panel with International Real Estate Federation (FIABCI) Malaysia vice-president Michael Geh as the moderator.

The other panellists are Real Estate and Housing Developers Association (Rehda) Penang chairman Datuk Toh Chin Leong, FIABCI Malaysia Penang Branch committee member Dr Teoh Poh Huat and Penang Chinese Chamber of Commerce’s Property Development Construction & Management Committee convenor Datuk Finn Choong Khuat Seng.