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LGE speech at real estate agents dinner

Tue 2012-Apr-24 @ +08 02:41:24 am

YAB Lim Guan Eng Speech at REHDA 35th Anniversary Dinner

Isnin, 24 Ogos 2009

YAB Lim Guan Speech at REHDA 35th Anniversary Dinner

G Hotel, 19 August 2009, 845 pm

YB Encik Mansor bin Othman, Deputy Chief Minister 1

EXCO of Industry Development, International Trade, Cooperative Society Relationship

YB Prof. Dr. Ramasamy Palanisamy, Deputy Chief Minister 2, EXCO of State Economic Planning, Education and Human Resources, Science, Technology and Innovation

YB Tuan Chow Kon Yeow, EXCO of Local Government, Traffic Management

YB Tuan Abdul Malik Abdul Kassim, EXCO of Religious Affair Domestic Trade and Consumer Affairs

YB Tuan Lim Hock Seng, EXCO of Public Works, Utilities & Transportation

YB Tuan Phee Boon Poh, EXCO of Health and Welfare,Caring Society & Environment

YB Tuan Wong Hon Wai, EXCO of Town and Country Planning, Housing

YB Dato’ Zainal Rahim Bin Seman, Setiausaha Kerajaan Negeri Pulau Pinang

Yang Berbahagia, Dato Jerry Chan, Chairman of REHDA Penang

Thank you for inviting me to REHDA 35th Anniversary Dinner Celebration. We hope that REHDA can fulfill the state government aspirations of providing quality housing at affordable prices for all.

According to Jabatan Penilaian dan Perkhidmatan Harta (JPPH), the state housing stock totals 325,330 residential properties in 2008, a small increase of only 4.07% increase since 2007. However, the take up rate for residential properties stood 13% in 2008 compared to 47% a year before. The reality of the deepest downturn has taken a brutal force on the housing and property market for the second half of 2008.

Penang value per transaction for sale of properties is above the national average. For instance, in 2008, according to Jabatan Penilaian dan Perkhidmatan Harta (JPPH), the value per transaction for Penang was at Rm325, 984 per unit compared to the national average which stood at RM259, 641 per unit. This reassures the property developers that Penang is still the location of choice for development. To those who bemoan corruption, sloth, inefficiency and ignorance in other states, Penang beckons as a property haven of choice.

The second quarter of 2009 has seen some positive signs of increasing demand of housing as the KLSE index continue to improve. Hence, I called upon the developers to proactively plan and build new housing that caters to the different segment of needs such as people living alone, childless couples, single parents with full-time or part-time children, unmarried couples, empty nesters and multigenerational families and not the standard one size fit all”.

Since last year, REHDA members have seen tremendous changes within MPPP in handling planning approvals and building plans where not only were outdated practices abandoned but new rules approved to expedite approvals in accordance with CAT principles. We have also succeeded in reviving a 12 year old abandoned housing project, Taman Cemerlang in Paya Terubong, involving 1,200 purchasers.

Although some of the remaining rules may seem stringent, the state government believes that it will not only practice good governance but have the most efficient local authorities in the country when all is in place. Penang state government is a people and business friendly Government, not one that panders to any one group, but one that takes care of the interests of all – a genuine Public – Private – Partnership.

Malaysia very own green building rating tool the Green Building Index (GBI), was unveiled recently. This rating tool is appropriately customized for the Malaysian culture and climate and is benchmarked against internationally recognized best practices and standards. Green rating tools were conceived to assist architects, designers, builders, government bodies, building owners, developers and end-users to understand the impact of each design choice and solution.

By so doing, the final built product would perform better in its location whilst also reducing its harmful impact on the surroundings. Therefore, I urge REHDA Penang to boldly move forward in adopting the Green Building Index as their key initiative to reduce carbon footprint and promote sustainable living and balanced development in Penang. This will also help Penang achieve our goal of becoming the first green state in Malaysia.

The Penang state government hopes to create history by establishing a people oriented government versus a crony government. We believe that a people government can fulfill our vision of transforming Penang into an International City that is a location of choice for investors, a destination of choice for tourists and a habitat of choice for those who desire sustainable living. A people government is based on 3 Es. Enabling the people to equip themselves with the necessary skills, education and knowledge needed to succeed in this competitive market. The second E – Empowering the people with freedom, rights and responsibilities provide the platform for Penangites with dignity and the opportunity to make the necessary changes needed and the third E – Enriching the people to improve the quality of life and share the fruits of economic success.

Through CAT (Competent, Accountable and Transparent) governance, the state government continues to drive positive changes and upheld accountability in the affairs of the state as well as public policies. Without any doubt, policies and guidelines can be reviewed, updated or changed as necessary but the principles of good governance can never change.

According to the National Property Information Centre (NAPIC), foreign purchases comprised only 0.62% of the 756,000 housing units sold between 2003 and 2008. Penang has so much to offer given the competitive property pricing and good upside value potential than other cities in Malaysia as well as other cities in the region.

Penang is one of the top 3 cities in Malaysia that appeals to the foreign buyers under the MM2H program. I am confident with the recent announcement of 84 flights from Singapore per week by March 2010 coupled with direct flights to Madras in 3 months time. Penang will be an even more happening place soon. Therefore, REHDA members should try to capitalize on this MM2H segment and we urge all REHDA players to aggressively focus on providing buildings that are of high quality and world class so that visitors can be attracted to purchase properties under the MM2H Program.

On that final note, I would like to thank the organizing committee for their commitment and tireless effort in organizing this annual dinner. Once again, I wish all members of REHDA a joyous anniversary celebra


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