Under the deal, Malaysia will bear the costs for suspending the project and also costs incurred by Singapore for fulfilling the HSR Bilateral Agreement if the project fails to commence by May 31, 2020.
“Checks revealed that some of the developers have financial difficulties, where the project can only be completed in 2019 or 2020.”
An open briefcase filled with red RM10 notes, floated in the water in front of the Bristol City Hall.
“Since the project involves both nations’ economic and trading interests, we believe China and Malaysia will resolve the issue in a friendly manner," said its overseas executive vice-president Li Qingwei.
The accused pleaded guilty to three counts of cheating the victim at the magistrate’s court.
The letter will amend the original agreement between both countries which did not have provisions to postpone the project.
Residents say they had not been informed that the status of the land had been changed to allow commercial development.
Passengers who are affected may choose to reroute their travel to Narita International Airport, postpone their travels or request for a full refund.
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.'
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