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Showing posts from January, 2012

MEPA gives go ahead for MIDI nine-storey residential tower block

MEPA approves nine-storey tower block and two 14-storey residential blocks consisting of 102 apartments and catering outlets at ground floor.

The Malta Environment and Planning Authority has approved the construction for MIDI's Tigné Point's T-14 tower block, and two 14-storey residential blocks, comprising just over 100 apartments.

The decision was taken at a public hearing, where objections were raised by members of conservationist NGO Flimkien Ghal-Ambjent Ahjar, who claimed the plans were changed without any opportunity for the public to see them.

MIDI's decision to withdraw an application for a massive high-rise tower in Tigné was accompanied by a request by the same company for MEPA to process two other applications for the construction of two high-rise, albeit smaller developments.............

Follow this link for the full article on MaltaToday.

Government launches new temporary ground rent redemption scheme

The government this morning announced a new scheme which will enable tenants to redeem temporary emphyteusis in residential properties administered by the Joint Office and the Lands Department.
Government properties minister Jason Azzopardi said this would benefit hundreds of households, who would finally be able to become owners of their homes.

He said the new scheme opens on February 20 and will run for six months. It will enable the tenants to redeem their groundrent at very favourable rates.
Those who currently pay less than €5 per year as groundrent will be able to redeem their groundrent for €1,000.
Those between €5 and €10 per annum will be able to redeem for €2,000 and those currently paying between €10 and €20 per year will redeem for €3,000.
There are two conditions. If a property is sold within five years from when the groundrent is redeemed, the governemnt will be entitled to 25% of the price of the property. Disabled people, separated couples and those over 65 years old…