News by Tan Ai Leng

UOA REIT recently came under the spotlight when the minority owners’ representatives in the management committee of one of its properties, Menara UOA Bangsar, retracted their nominations during its annual general meeting on Aug 16.

During the meeting, the Commissioner of Buildings also offered alternative solutions and advice to both minority owners of the development and its majority owner UOA REIT, such as the number of committee members and finding solutions through EGM.

CGPV today unveiled its RM1.8 billion Forest City Golf Resort and Jack Nicklaus Designed Forest City Legacy Golf Course to the public

CEO Ong Ghee Bin said the high scores demonstrate the success of the group's measures to increase its delivery standards by taking advantage of its strengths in construction and manufacturing building materials.

According to the press statement from the Prime Minister's Office, Malaysia imposes certain conditions on properties purchased by foreigners and information on these conditions are publically available.

"We do not issue any Permanent Residency (PR) to foreign buyers of Forest City,” the developer stressed in an official statement in response to an earlier news report.

While the nation celebrates the 61st National Day, it also needs to take stock and keep the new government on its toes. How has the government fared in its first 100 days? How can it move forward to realise the hopes of the people?

"Its current way of funding [through joint venture development and land sales] is not sustainable. The special committee will study ways [for the foundation] to generate funding. Potential businesses could be solid waste management or other businesses,” said FT Minister Khalid Samad

According to sources, the meeting which was held in Daim’s office lasted for less than 30 minutes, during which representatives from the RA managed to raise all the issues regarding the developments which could affect the residents’ living environment in TTDI.