KPKT assured the public that the government remains committed to ensuring the property market stays healthy, sustainable, and is guided by accurate data.
Phase 2 will comprise residential, commercial and leisure components such as shopping malls, office buildings, serviced apartments, branded residences, five- to six-star hotels, and later, educational facilities.
Successful revitalisation combines economic, social and environmental goals, creating inclusive and vibrant communities rather than just focusing on profitability.
Judge Datuk Che Mohd Ruzima Mohd Ghazali, who led the bench, said the bench concluded that there is no wanton destruction of the subject matter of the said assets, and even if the appeal to institute an injunction is in favour of the applicants’ position, it would not disrupt the proceedings.
At the current level, BNM said it “considers the monetary policy stance to be appropriate and supportive of the economy amid price stability”.
Scheduled for launch in November 2025, the 28-storey Novva Nexus office tower has a gross development value of RM129 million.
The project, located 500m from the SS15 LRT station, enjoys close proximity to major facilities within a 5km radius including Subang Medical Centre, the Sunway Pyramid shopping mall, Subang Parade, and NU Empire.
The prime lifestyle hub, along with its premium office and residential segments, has been viewed to further enhance the value of properties in the affluent address.
Mida said that the upgrade is expected to increase Scanfil’s production capacity by nearly 50% and supports the group’s broader Asia-Pacific operations, which also include facilities in Melbourne, Australia.
“The redemption of sukuk reflects Tropicana Corp's prudent financial management and commitment to fulfilling its obligations to investors.
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