Authorities crack down on apartment fees defaulters
The authorities are ramping up action against condo and apartment owners defaulting on maintenance payments — by raiding their units and seizing movable items.
The authorities are ramping up action against condo and apartment owners defaulting on maintenance payments — by raiding their units and seizing movable items.
Following the issuance, FCT holds 31.15% in Hektar REIT.
The land will be developed into M Vertica, an integrated development with an estimated gross development value (GDV) of approximately RM2.2 billion.
The company attributed the performance to a significant rise in property turnover and positive effect of cost saving measures and value engineering undertaken by the construction division.
Revenue, however, slipped to RM202.62 million from RM205.48 million previously, the company said in a filing to Bursa Malaysia.
"The witnesses involve both Malaysians and foreigners who are abroad."
The company, however, did not furnish data on how much sales came from its US$100-billion Forest City project in Johor, Malaysia.
"I think some people might need to do some criminal study here. When we arrest and remand a person, that shows he is under investigation."
The Grand Borneo Hotel was purchased in 2012 for RM86.4 million.
The MACC also confirmed that they have conducted a search at Mohd Isa’s houses in Linggi, Port Dickson; Lavender Heights, Seremban; and Bandar Baru Nilai