News by Edgeprop.my

The hotel startup has grown beyond India, and begun operations in China and the UK. 

The take-up rate for commercial and industrial properties by bumiputra buyers was low, between 2% and 3%, he said, and this forces developers to hold the unsold units before eventually getting permission from the state government to sell them to non-bumiputra buyers.

“All projects which benefit the people will be continued...  If the project is progressing well and has gone past the 15% stage, then it will continue."

Competition is fierce, as many local and foreign companies have moved in to build supporting services and facilities, including residential projects. Lim Mian Wei, general manager (business development) of Hong Leong Holdings (China), remains confident that Springdale Park will do well.

Expected to last between 35 hours and 72 hours, the water supply will be fully restored by Oct 12.

“The Government recognises the benefits of PPP projects for the Malaysian public and will not take the extreme measure of cancelling all such projects carried out by direct negotiation of the previous administration.”

“I told them that if they want to build a new five-star property, they have to fulfil a condition I set, which is to build medium to low-cost housing for the people here.”

“We have exhausted the fund and we have applied to the Finance Ministry to replenish the fund as we need funding to support the many heritage sites in the country.”

“We want these projects to succeed, that’s why we chose George Town,” she said, having noted that George Town was known for its efficiency in such projects. 

“They are building the highway first so people will already be using the highway and when they build the LRT, people will not use it.”