The builder-cum-property developer said the EPU had on Monday rejected its proposed acquisition as it did not meet the 30% Bumiputera equity ownership requirement.
Phase 1 of Sunway Velocity 3 comprises two serviced residence blocks with built-ups from 721 to 1,076 sq ft.
With a gross development value of RM300 million, Iconic Harmony is a 36-storey tower comprising residential and commercial components.
Pekan Sentral is the commercial component of Pekan Nenas Industrial Park, an on-going project developed by Paragon Bizhub — the wholly owned subsidiary of Paragon Globe.
Joshua Selvan: "Come to real estate if you are bored of being a robot and tired of putting all that effort with limited increment and growth.
IJM Bayouri is a 70-acre freehold mixed-development located in Jawi, Seberang Perai South.
When you have a world-renowned architect to design your building, you know it will spell nothing short of spectacular.
The proposed diversification is expected to boost the group’s net profit by about 25%, aligning with its long-term strategy to pursue more engineering, procurement, construction and commissioning (EPCC) projects beyond telecommunications network projects, the group said in an exchange filing.
The exercise had comprised 1.
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