YNH Property Bhd has come out to say that the qualified opinion issued by its external auditor last Friday (Oct 27) is only limited to its joint venture (JV) and turnkey contracts for property development work.
"Teh’s passing is a great loss to the Public Bank group.”
In just the first two months of this year, Laundry (a bar cum restaurant that takes up a large corner-lot space with alfresco dining), Pho Hoa (a Vietnamese restaurant) and Hadramawt (a Middle Eastern restaurant) left The Curve.
BNM governor says it was the central bank that approached the government to buy land, and not vice versa.
“We’re also trying to put in place more aggressive mortgage programmes, particularly for affordable housing.”
The JV will tender for contracts which have been called by ECRL engineering, procurement, construction and commissioning contractors.
“IBs, in demanding for this guideline to be ‘scrapped’ are taking a short term view and should consider the long-term systemic implications of an over-exposure to the property sector..."
A year and a half since moving into property development, Iris Corp Bhd finally looks set to undertake its first commercial development in Malaysia.
Indonesia’s Mulia Group is seeking some RM1.8 billion in financing from Malaysian banks for the development of its Signature Tower building in Tun Razak Exchange (TRX), Kuala Lumpur, sources say.
The only property app you need. More than 200,000 sale/rent listings and daily property news.
