The sum represents the amount the developer has spent so far on the project, which includes paying the land premium of between RM60 million and RM70 million, as well as modifications to the recreational park, said Federal Territories Minister Khalid Samad.
Dissatisfaction arose amongst the people, when 51 communal titles were placed under joint venture with state and private companies for agricultural development.
'Though the flats are about 18 years old, they have deteriorated faster than they should due to inefficient management,' said Zuraida.
“We hope to see the project take place by the middle of 2019.”
'The state government’s commitment is to take into account all views before giving green light for the project,' Chow said.
Ismail said the outlook for property in Iskandar Malaysia will remain buoyant in the coming years, due to the influx of domestic and foreign workers which would push demand for property in the region.
Modelled on Kuala Lumpur Sentral, the RM2.7bil development stands 10 storeys high and overlooks George Town on the island.
"We look at every case individually and are slow to act. If I get scolded by the Auditor-General, scold-lah. Some people are really poor,” said the state Housing Committee chairman.
The once vibrant browsing heaven for bookworms is now boarded up with a goodbye message.
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