Majuperak sells back 51% stake in property developer after project fails to achieve sales target
Majuperak is selling back the stake in Nexusbase Development Sdn Bhd to the vendor at the original sum of RM12.
Majuperak is selling back the stake in Nexusbase Development Sdn Bhd to the vendor at the original sum of RM12.
CIDB chief executive officer Datuk Ahmad ‘Asri Abdul Hamid: The launch of IBS Homes and IBS Homes Catalogue marks a turning point in the construction industry.
The group said its wholly-owned subsidiary LLB Bina Sdn Bhd has signed a deed of mutual termination with the land owner, Premier Land Resources Sdn Bhd, to terminate the agreement in relation to the acquisition entered in January last year.
Malaysian regulations on redevelopment and, by extension, en bloc sales, must change, quickly.
The company and Tan have also lodged several police reports against Sanusi and bloggers Murray Hunter, Badrul Hisham Shaharin (better known as Chegubard) and Raja Petra Kamarudin, over the alleged publication of similar defamatory and untrue remarks relating to the SMG project.
Running from Aug 3 to 6 (Thursday to Sunday) in Central I-City, the 4-day Rehda Selangor's Mapex Selangor Barat 2023 showcases property developments while fostering meaningful industry dialogue, mainly focusing on sustainability, affordability and community well-being.
In terms of volume, the counter saw 7.
The usage of IBS in Rumah Idaman Cahaya, similar to other Rumah Idaman projects undertaken by MGB, contributes to its affordability due to reduced dependence on labour, an ability to optimise cost as well as increase and maintain the quality of the units.
The demand for warehouse space remains high, with manufacturers being the main drivers as they expand their logistics space.
The Ministry of Local Government Development is working on a National Housing Action Plan, which includes home supply requirements based on metrics such as the ratio of the median house price to median income.