Going forward, the management has no immediate plan for a new development despite having vast land bank. However, the management has noted that assets like hotel and land bank are available for sale at the right price.
'They can buy the property, but we would not give them visas to come and live here.'
'Taman Rimba Kiara is being discussed and decided on because things have progressed to a certain level where we cannot just block it like that as there are legal and financial implications.'
“I’ve already submitted the names to Tun Mahathir for his final verification. I hope to be able to confirm by the middle of the month.”
“Where is it that we’ve seen glittering archipelagos like Malaysia’s Forest City and Melaka Gateway developments before?”
“The biggest alarm is the refinancing pressure. Although developers try to hoard cash, their buffers are draining.”
It was reported yesterday that AsiaMalls also found a buyer for the SStwo Mall in Petaling Jaya.
Good healthcare services, superb access to commercial malls and the low cost of living are the strength of Malaysia in attracting foreign property investors.
Stating that he is confident that Malaysia's economy will recover, he said Singapore had agreed to the suspension of the project, but the termination penalty still applies in the event of the project's cancellation.
If you can't make it up to the temple site to enjoy the new look, here is EdgeProp.my's selection of photos for you to enjoy.
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