Gerakan questions ‘early promotion’ of property

  • Nation
  • Sunday, 04 Feb 2018

GEORGE TOWN: Condominium units built on land given as payment for work done on the three paired roads of the Penang Undersea Tunnel project are being promoted some two years prior to the handing over of the plots, says Penang Gerakan.

Its acting Youth chief Jason Loo (pic) said he found two online articles dated December 2013, detailing the condominium units and invi­ting interested parties to contact the property agent.

“One of the articles was posted in a property portal and the other in a lifestyle portal.

“Checks showed that the property was on one of the pieces of former state land handed over in 2015 as payment for the feasibility study and detailed design work of three paired roads that form a component of the tunnel project,” he said at a press conference in Bandar Tanjong Pinang yesterday.

Loo pointed out that state exco member Lim Hock Seng told the state assembly on May 19 last year that the land was only alienated in February 2015.

“It is rather puzzling that the developer could promote the luxury condominium units two years before the land was given,” he said.

In response, an official of the Real Estate and Housing Developers Association said developers were allowed to create an early market awareness of their projects.

“But they must first obtain an advertising permit and developer’s licence (APDL) for each specific resi­dential project from the Urban Wellbeing, Housing and Local Government Ministry before selling properties under construction,” he said.

The official, who declined to be named, said agents could collect expressions of interests from prospects and inform the public about their property plans.

“Until the project has obtained an APDL, they cannot advertise or sell the units,” he said.

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