News by Edgeprop.my

“It is up to the management; the same goes for individuals [owners]. Say, I want a contractor to do renovations on my home and I want them to do the Covid-19 swab test. That’s between me and the contractor [to agree]."

The report said the tract is about 45 minutes’ drive from Wong’s hometown in Ipoh.

With a gross development value of RM1.12 billion, the freehold transit-oriented development (TOD) project comprises two blocks housing 648 units.

State Local Government Committee chairman Jagdeep Singh Deo the reductions were “reasonable”, and that “there must be a balance in trying to solve the property overhang while protecting the interests of local buyers”.

Sharif El-Gamal said in a notice and summons filed in New York state court Tuesday that Malayan Bank Bhd, also known as Maybank, and other syndicate members “ignored and breached their obligations under the building facility and related loan documents.” Their actions have caused “irreparable damage to the plaintiff’s relationship with its contractor, leading to a cessation of all work,” he said.

Sold for: RM3.28 million (RM886.24 psf); Concluded by: James Lai (PEA 1933) (016-311 6092) of Property Hub Sdn Bhd; When: February 2020

However, the meetings must be conducted according to the Covid-19 prevention SOPs set by the authorities.

Petrol Dealers Association of Malaysia (PDAM) said its members only learned about this via media reports.

The joint venture company, known as MFBBCC Serviced Suites Sdn Bhd (MFBBCC), will be 51% held by MFAM and 49% by BBCCD. MFBBCC will manage and operate the property including granting of tenancies within the property.

Facing the worst economic crisis in decades, Kuala Lumpur last week rolled out its fourth stimulus package since February. Together these fiscal salvos add up to about US$70 billion, or 20% of gross domestic product. Such dramatic numbers are entirely necessary. The World Bank expects emerging-market economies will shrink the most since 1960 this year.