After more than a year of negotiations, a breakthrough appears to have been achieved in the deadlock of talks between the Penang state government and Boustead Holdings Bhd over a dispute involving the Royale Bintang Hotel project.
It is learned that Boustead has also backed down from its initial RM60 million compensation claim from the Penang Island Municipal Council (MPPP) for having to scale down its Royale Bintang Hotel project from 12 to five floors.
It is learnt that a compromise has been reached and an announcement on the agreement reached between both parties will be announced within two weeks. The settlement could include a drastically reduced and “reasonable” compensation by the state government to Boustead for the scaled-down project.
The state government had directed the developer to scale down the project to meet Unesco’s 18m or five-storey height requirement in the core heritage zone of Weld Quay following George Town’s inscription as a Unesco World Heritage site on July 7, 2008.
It is learnt that the compensation, which was sought by Boustead and agreed upon by the state government, include the cost relating to the land.
There were no problems with the other three projects — Asian Global Business Sdn Bhd’s (AGB) Rice Miller Weld Quay Development in the core zone, E & O Bhd’s annexe building of the E & O Hotel in the buffer zone, and Low Yat group’s project in Jalan Sultan Ahmad Shah.
All four projects were approved before Penang was declared a Unesco World Heritage site on July 7, 2008. The 18m/five-storey height restriction contained in the dossier submitted to Unesco was put in place once the listing was made official.
Boustead’s initial plan was for a RM140 million development of a four-star hotel with 300 rooms. The developer had been given approval to build up to 51m before the Unesco listing.end of listed peers’ of 9.5 times to 11.5 times.
历史不应该偏颇!
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你不敢想象有些国家在历史教育课本上,为了迷惑人民什么都敢寫,
1) 韓国在历史课本述说有五至八千年的文化,原来他们把神话故事的传说当是祖先,大家可从网上瞭解一下。
2) 日本把二战期间侵略的历史也从未在他们的历史書上出现过,还把战犯供起来参拜。
以此类推,中国把神话故事的人物搬出来,什么万年天帝、千年老妖、道尊、...
3 hours ago
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