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Unico set to launch two new projects
03/10/1992 BT By C.S. Tan
IN A follow-through to its successful track record in property
development, Unico Holdings Bhd is in the final stages of preparatory work
on two new projects in Kuala Lumpur and Penang. Tan Sri Lim Geok Chan, a
director, said in an interview yesterday that these new projects are its
70-acre Subang Industrial Park and 125-acre township at Paya Terubong in
Penang.
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Majestic Heights ramal catat RM600j
23/04/1993 BH
MAJESTIC Heights Sdn Bhd (Majestic Heights), anak syarikat Unico Holdings
Bhd yang terbabit dalam industri hartanah menjangka mencatat perolehan
bernilai kira-kira RM600 juta hasil jualan projek pembangunan bandar baru
di Pulau Pinang. Pengerusinya, Izzuddin Osman, berkata projek itu yang
membabitkan kawasan seluas 52 hektar akan dilengkapi dengan 6,400 unit
kawasan perumahan, komersil, industri ringan dan kemudahan awam.
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Majestic project at Paya Terubong
23/04/1993 NST By Azrin Azmi
MAJESTIC Heights Sdn Bhd, a subsidiary of Unico Holdings Bhd, will embark
on a mixed-development project in Penang costing RM550 million. The
proposed township project, to be built on a 30 ha site at Paya Terubong
near Ayer Hitam, is expected to generate RM600 million in turnover.
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Majestic Heights ramal catat RM600j
23/04/1993 BH
MAJESTIC Heights Sdn Bhd (Majestic Heights), anak syarikat Unico Holdings
Bhd yang terbabit dalam industri hartanah menjangka mencatat perolehan
bernilai kira-kira RM600 juta hasil jualan projek pembangunan bandar baru
di Pulau Pinang. Pengerusinya, Izzuddin Osman, berkata projek itu yang
membabitkan kawasan seluas 52 hektar akan dilengkapi dengan 6,400 unit
kawasan perumahan, komersil, industri ringan dan kemudahan awam.
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Majestic Heights expects RM600m from Penang project
23/04/1993 BT By Wan Nong Rezal
MAJESTIC Heights (MH), which will be spearheading Unico Group's property
development in Penang, expects its maiden project in the island to
generate a turnover of RM600 million. MH executive chairman Izzudin Osman
said the project, located on a 130- acre site at Paya Terubong Road, will
see the development of 6,400 units including for residential, commercial
and light industries' purposes.
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(Majestic Heights)
26/04/1993 BT
MAJESTIC Heights, which will be spearheading the Umico Group's property
development in Penang, expects its maiden project in the island to
generate a turnover of RM600 million.
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Consultant: Paya Terubong project environs friendly
09/02/1995 NST
PENANG, Wed. - The massive RM755 million satellite township project at
Paya Terobong - which involves hill-cutting - will not be implemented on
hillslopes, according to an environmental consultancy company. According
to Yomart Environmental Systems Sdn Bhd - which undertook the preliminary
Environmental Impact Assessment (EIA) study and approved by the Department
of Environment (DOE) - the project will be built on flat platforms with
retaining walls.
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Penang builder assures slope safety
13/04/1995 NST-CITYX By K. Suthakar
THE developer of the RM755 million Taman Terubong Indah, an integrated
million housing project in Paya Terubong, Penang has given assurance that
all its 51 blocks of apartments will be constructed away from the slopes
where massive hillslope cutting is taking place. Chairman of Majestic
Heights Sdn Bhd, the developer of the project, Izzudin Othman, said work
on 31 blocks to be constructed under phases six to 12 of the project would
only commence when the three consultants engaged to conduct soil tests had
confirmed the stability of the slopes.
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Strong buyer interest in cheap units
21/04/1995 NST-CITYX
MAJESTIC Heights Sdn Bhd claims its units at Paya Terubong are being sold
cheaper than the market price as it was only interested in making marginal
profits after deducting land, construction and infrastructure costs. Its
chairman Izzudin Othman said this was the reason the launching of Phase
One costing RM68,000 late last year received overwhelming response with
about 5,000 people rushing to book 1,090 units.
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Highland scarred by satellite township project
27/12/1995 NST
TOO CLOSE FOR COMFORT ... This is one of the many hillslope development
projects being undertaken in Penang. The hill is being cut to make way for
the construction of a massive satellite township in Paya Terubong. The
RM755 million project covers a 51ha site. Although there is massive hill
cutting, the developer, Majestic Heights Sdn Bhd, has assured that there
will be minimal damage to the environment.
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DOE keeping close tabs on huge Penang housing project
24/02/1996 BT
THE Department of Environment is closely monitoring the environmental
aspects of the mammoth RM755 million integrated housing project in Paya
Terubong, Penang, which involves massive hill-cutting. State DOE director
Raja Rokiah Raja Saigon said the developer, Majestic Heights Sdn Bhd, has
done its best to fulfil the conditions when the Environmental Impact
Assessment report was approved.
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Developer goes for more low-cost houses instead
11/03/1996 NST
PENANG, Sun. - The developer of a RM755 million satellite township in Paya
Terubong has decided to build an additional 4,000 low-medium-cost and low-
cost units. Majestic Heights Sdn Bhd executive chairman Izzudin Osman said
this was in response to the call for more private developers to build
houses for the lower-income group.
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First project with wireless phones
27/03/1996 NST By M. Sahibullah
PENANG, Tues. - Taman Terubong Indah in Air Itam will be the first mixed
development project in the country to be installed with wireless telephone
system. This was made possible with the signing of a memorandum of
understanding between the project developer, Majestic Heights Sdn Bhd, and
the country's sole operator of the wireles telephone system, Syarikat
Telefon Wireless (M) Sdn Bhd, at Penang Sheraton Hotel today.
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Pemaju diarah baik pulih lereng bukit
03/05/1996 BH
GEORGETOWN, Khamis - Kerajaan negeri mengarahkan pemaju perumahan,
Majestic Height Sdn Bhd, supaya mempercepatkan kerja membaik pulih lereng
bukit yang mengalami aliran lumpur di Taman Terubong Jaya, Paya Terubong,
minggu lalu. Majestic Height ketika ini, terbabit dalam pelaksanaan projek
Taman Terubong Indah berhampiran lereng bukit itu.
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Developer building canal to divert water flow
21/05/1996 NST
PENANG, Mon. - Majestic Heights Sdn Bhd, the developer of the RM755
million Taman Terubong Indah satellite township at a hillslope in Paya
Terubong, is constructing a canal to divert water flow following two
recent mudflows there. The company's environment consultant Dr Lee Aik
Heng said the canal was expected to be ready by the end of the month.
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Residents worried of mudflows from project
08/07/1996 NST-LTIMES
RESIDENTS of Taman Terubong Jaya in Paya Terubong in Penang are pinning
their hopes that the developer of a neighbouring plot of land, Majestic
Heights Sdn Bhd, would honour its promise to prevent mudflows in the area.
Residents fear a repeat of the mudflows which occurred at the parking lots
and roads near Blocks 39 and 41 of the flats.
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Penang puts on hold appeal on RM800m hillslope project
30/03/1997 NSUNT
PENANG, Sat. - The State Government has put on hold a developer's appeal
on a controversial RM800 million hillslope project in Paya Terubong
pending the outcome of a macro level environmental study of the valley. A
State Govemment official told the New Sunday Times today that a decision
on the appeal by Datas tream Corporation Sdn Bhd on density limits would
only be made after the outcome of the study.
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Majestic Heights to inject RM48m in corn cultivation
10/02/1999 NST
PROPERTY developer Majestic Heights Sdn Bhd plans to invest RM48 million
in corn cultivation for the production of animal feed on a 2,842-hectare
plot in Lanchang, near Temerloh. Executive chairman Izzuddin Osman said
all aspects of the integrated project would be mechanised to ensure
maximum output.
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Majestic Heights get ultimatum to complete units
13/07/1999 NST
PENANG, Mon. - Taman Terubong Indah house buyers are not the only ones
losing patience with delays in the delivery of their medium-cost units. So
is the State Government.
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`Empower States to act against errant developers'
13/07/1999 NSTBy S. Shanker
PENANG, Mon. - State Governments are unable interfere with delayed and
abandoned private housing projects as there are no laws empowering them to
do so. Chief Minister Tan Sri Dr Koh Tsu Koon, whose State Government has
been regularly on the firing line on this matter, wants the Local
Government and Housing Ministry to amend laws that govern housing
development in the country.
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Buyers ask for stay of loan repayment
10/08/1999 The Star
Many housebuyers of the Majestic Heights project have appealed to Bank
Negara and financial institutions to grant a reprieve on loan repayment
pending issuance of certificates of fitness.
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Highrise buyers act to stop winding-up
10/08/1999 The Star
More than 1,500 frustrated buyers of Majestic Heights' Phase I units have
started legal action to stop the developer from winding up the company
before it completes the project.
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HDA:
Relax conditions, levies
11/08/1999 The Star
The Housing Developers Association yesterday appealed to the state to
relax its conditions and levies imposed on developers to avoid problems
afflicting buyers such as in the case of the Majestic Heights project. Its
Penang branch chairman Datuk Ong Gim Huat said had the government agencies
heeded the HDA's appeal earlier, the problem might not have happened.
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Company reps walk out of meeting
20/08/1999 The Star
A meeting between Majestic Heights and its Phase I buyers' committee ended
with the developer representatives walking out yesterday. The latter had
refused to discuss matters concerning physical completion of the blocks.
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Judge: Let project continue
24/08/1999 The Star
A High Court judge said yesterday Majestic Heights Phase 1 buyers
should give the developer a chance to complete its Paya Terubong project
before a liquidator takes over as a last resort. Justice Jeffrey Tan said: "If the developer exhibits genuine intent, it
should be given a fair shot to complete the project."
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