Strata lease schemes for township development: a case study of Bandar Baru Ayer Itam in Penang

Abstract

This research highlights successful property development practices for sustainable housing in Penang, Malaysia. It begins with expanding the land leasing ideas by introducing the lease registration onto the strata title of a stratified building, referred to as the strata lease scheme. Using case study methodology, this study focuses on two main objectives: providing an overview of the strata lease scheme concept and discussing how the development of strata lease schemes created a new township. The study utilised interviews and document reviews from Penang's single case study, Bandar Baru Ayer Itam. Ultimately, the study shows that strata lease scheme development can be an excellent alternative to fulfilling housing needs in Malaysia.