Tropicana to continue introducing new developments in 2020 with GDV of RM1.6b
Moving forward, the group said it believes that there will still be demand for properties in prime locations with attractive pricing.
Moving forward, the group said it believes that there will still be demand for properties in prime locations with attractive pricing.
The dispute arose from a 2009 land sale agreement for the Jeju Airest City project, which was inked between South Korea’s Jeju Free International City Development Center (JDC) and Berjaya Jeju Resort Ltd (BJR).
Malaysian Institute of Professional Estate Agents and Consultants president Francis Loh: The stamp duty waiver under the HOC is only for primary market properties, and the HBA and MIPEAC urge the government to consider extending this exemption to the secondary market.
Of the two new cases found today, one was detected in Kuala Lumpur and the other in Sabah.
The nine respondents named in the forfeiture case are Kuala Dimensi Sdn Bhd (KDSB), who is the main contractor of the PKFZ project, along with Transhipment Megahub Bhd, Coastal Skyline Sdn Bhd, Wijaya Baru Aviation Sdn Bhd, Wijaya Baru Sdn Bhd, Wijaya Baru Construction Sdn Bhd, Bintulu MP Datuk Seri Tiong King Sing, Law Ka Hieng and Selangor Development Corporation (PKNS).
MBSB president and chief executive officer Datuk Seri Ahmad Zaini Othman said the bank will be focusing on the civil servants’ segment.
The improved revenue was mainly attributed to stronger sales and progress billings from the Isola KLCC and PRIYA Scheme Kuantan developments, and initial contribution from the group’s recently soft-launched development, The Mate in Damansara Jaya. OCR also saw higher contributions from construction works for YOLO Signature Suites in 1QFY20.
Lead defence counsel Tan Sri Muhammad Shafee Abdullah alluded during cross-examination today that the Directors Circular Resolution (DCR) pertaining to the conversion of 1MDB's 49% equity stake in PetroSaudi Oil Services Ltd (PSOSL), a subsidiary of PetroSaudi International Ltd (PSI), into fund units was worded in such a way to make it difficult for the board members to understand the processes involved.
Bringing a close to the trial, High Court Judge Justice Mohamed Zaini Mazlan set the dates for prosecution and defence lawyers to give their submissions before the court.
According to the report, the office sector is facing increased vacancy and reduced demand in the short term.