TAFI said its TAFPSB has entered into a sale and purchase agreement with Comfy Factor Sdn Bhd & NNST Capital Sdn Bhd for the disposal, which will realise a gain after Real Property Gains Tax (RPGT) of some RM8.
Executive chairman and substantial shareholder Lee Check Poh said the group has so far invested RM300 million in the expansion of its warehouses, exceeding the minimum RM240 million investment in capital expenditure (capex) to qualify for the income tax exemption under the Malaysian Investment Development Authority’s (Mida) integrated logistics services (ILS) scheme.
The effectiveness of voicing your feedback, opinion or objection to proposed projects in your area can vary depending on a range of factors such as the specific context, level of community engagement and the nature of development, as well as the degree of responsiveness of key decision makers.
According to Deputy Minister of Housing and Local Government Datuk Aiman Athirah Sabu, there are 175 unlicensed abandoned private housing projects remaining in Peninsular Malaysia.
The site will be located at Sime Darby Property Bhd's Elmina Business Park, in Greater Kuala Lumpur.
Meanwhile, IGB Bhd's Tan Yee Seng was elected deputy chairperson.
The proposed development will comprise of approximately 340 apartment units with a launch GDV potential of A$450 million (RM1.
The land is described as a freehold industrial land that is “strategically” located between Sydney and the future Western Sydney Airport.
The project is set to commence next Monday (May 27) and is scheduled for completion on Feb 27, 2026.
The data centre in Malaysia will be situated on a 49-acre (19.
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