News by EdgeProp

In a report by South China Morning Post (SCMP) today, Zhu Jianmin, vice-president of Country Garden said “they can cancel the transaction and there is no need to pay a forfeit fee”.

Mainland Chinese purchasers of homes in Forest City, Country Garden’s megaproject in Johor, are now staring at the daunting prospect of having to pay a penalty of 30% of the purchase price for pulling out of the deal. 

Plans to attract buyers form Southeast Asia, India and the Middle East.

TAHPS Group CEO Eugene Khoo said the project will be made up of 140 units of gated and landed houses on a 20.23ha plot of land.

According to the South China Morning Post (SCMP), Country Garden founder and chairman Yeung Kwok-keung refused to comment on what solutions might be available to the Chinese clients trapped in the grim situation.

According to a report on the New Straits Times daily, online applications for the homes on www.yayasansultanibrahim.org.my were made available from 5pm today.

After making payments for their Forest City properties, these mainland investors are now faced with the grim prospect that they cannot send money out of China to continue making payments or even get their money back, the South China Morning Post (SCMP) reported.   

Sony Interactive Entertainment recently passed the 50 million mark for the PlayStation 4 (PS4) consoles sold since the gaming console was officially made available in November 2013.

Abdul Rahman said he took the decision based on the powers given to the minister as stated in the Housing Development (Control and Licensing) Act.

Titijaya Land Bhd announced a 16% increase in profit after tax of RM20.4 million for the second quarter ended Dec 31, 2016, compared with the RM17.6 million in the corresponding period last year.