“I really hope the government could look at this issue seriously as the cement price increase will spark a chain reaction in the industry, thus discouraging developers to build.”

Selangor Menteri Besar Amirudin Shari: "In 2016, the Selangor state government stepped in to ensure the 203 units [of Arcadia] will be developed based on updated specifications and design."

“The Ministry [Domestic Trade and Consumer Affairs] should take stern action against those who have already hiked the price prior to approval because cement is a price controlled item.”

And popular areas are the urban centres of Kuala Lumpur, Penang and Johor Bahru owing to “affordable prices amid a supply glut”. 

Among the CSR projects were refurbishment of common facilities, a badminton outreach programme, and a cleaning and waste segregation activity.

With a GDV of RM60 million, Artoca offers 106 units of 18ft by 65ft double storey terraced homes with sizes ranging from 1,499 sq ft to 1,630 sq ft.

Jesselton Duty-Free is located at the ground floor of Jesselton Mall. 

‘External situation deteriorating almost on daily basis’

Ismee stuck to his guns amid arguments by defence lawyer regarding discrepancies in SRC documents.

It expects a 2% profit margin compression in anticipation of 45% price rise.