http: //www.malaysiakini.com/news/83668
Ahti Veeranggan
May 29, 08 7:24pm
The Penang government today assured Penangites that they will not surreptitiously grab the land of those applying to change their land ownership status.
Under the National Land Code rules, landowners will have to hand over their land to the state government’s custody if they wish to change their property’s status. While processing applications, the lands would technically belong to the state government.
In a move to allay fears among landowners that the state government would go back on its words, Chief Minister Lim Guan Eng insisted that his Pakatan Rakyat government would not compromise on its policy to increase landownership among Penangites and forsake public interests for a piece of land.
“We will not use the back door tactic to snatch lands from Penangites,” he told newsmen after witnessing the swearing-in of his staff at the Chief Minister's Office.
The public has expressed fear that the state government may not keep its promise and their land would never be returned.
The chief minister assures that the land will be returned to their rightful owners after they effect the change of ownership status.
Permanent landowners
The new state government land policy, which was decided at last week’s state executive council meeting, seeks to encourage Penangites to become permanent landowners, therefore boost commercial and industrial growth.
Under the new policy, industrial landowners in Penang can apply to extend their lease period from the present maximum 60 years to 99 years, while owners of leasehold residential lands conversion of their land status to that of freehold.
The policy does not affect commercial landlords, who at present could obtain a lease period up to 99 years and freehold status for their land.
All applications will be approved or rejected on a ‘case to case’ basis.
The new land policy would help the state government to enrich its state coffer as substantial land revenue could be accumulated from premiums paid by landowners for the conversion.
It will also increase the opportunities for landowners to secure bank loans to develop their land.
Banks have been reluctant to commit themselves due to the short lease period.
“It would not affect future development plans since the state government can acquire land to accommodate future needs,” he said.
All applications to change the land status can be made to the state government via respective district land offices after June 15 this year.
The new policy will benefit industrial landowners in Bayan Lepas, Prai, Mak Mandin, Valdor, Sungai Bakap and Tasek Gelugor, who all have only another 30 years or less for their lease period to expire.
Ahti Veeranggan
May 29, 08 7:24pm
The Penang government today assured Penangites that they will not surreptitiously grab the land of those applying to change their land ownership status.
Under the National Land Code rules, landowners will have to hand over their land to the state government’s custody if they wish to change their property’s status. While processing applications, the lands would technically belong to the state government.
In a move to allay fears among landowners that the state government would go back on its words, Chief Minister Lim Guan Eng insisted that his Pakatan Rakyat government would not compromise on its policy to increase landownership among Penangites and forsake public interests for a piece of land.
“We will not use the back door tactic to snatch lands from Penangites,” he told newsmen after witnessing the swearing-in of his staff at the Chief Minister's Office.
The public has expressed fear that the state government may not keep its promise and their land would never be returned.
The chief minister assures that the land will be returned to their rightful owners after they effect the change of ownership status.
Permanent landowners
The new state government land policy, which was decided at last week’s state executive council meeting, seeks to encourage Penangites to become permanent landowners, therefore boost commercial and industrial growth.
Under the new policy, industrial landowners in Penang can apply to extend their lease period from the present maximum 60 years to 99 years, while owners of leasehold residential lands conversion of their land status to that of freehold.
The policy does not affect commercial landlords, who at present could obtain a lease period up to 99 years and freehold status for their land.
All applications will be approved or rejected on a ‘case to case’ basis.
The new land policy would help the state government to enrich its state coffer as substantial land revenue could be accumulated from premiums paid by landowners for the conversion.
It will also increase the opportunities for landowners to secure bank loans to develop their land.
Banks have been reluctant to commit themselves due to the short lease period.
“It would not affect future development plans since the state government can acquire land to accommodate future needs,” he said.
All applications to change the land status can be made to the state government via respective district land offices after June 15 this year.
The new policy will benefit industrial landowners in Bayan Lepas, Prai, Mak Mandin, Valdor, Sungai Bakap and Tasek Gelugor, who all have only another 30 years or less for their lease period to expire.
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