A number of large construction players have expressed interest, including Sunway Construction Group Bhd and IJM Construction Sdn Bhd, while the company that had initially been awarded the contract (by the previous government, through direct negotiation) is still hopeful the contract will be awarded to it.

It's possible to find properties that are going for far below the reserve price, in established, desirable areas.

Over the final quarter of 2018, Malaysian house prices declined by 0.5%.

"BBCC [Development] has been advised and is of the view that Zelan has no legal basis for any claim against the company and will contest any proceedings brought."

Johor Housing and Rural Development Committee chairman Dzulkefly Ahmad said the Malaysian Anti-Corruption Comission (MACC) had started an investigation into the matter.

“We will take stern action on this matter but we will also need to find out what happened during the approval stages.” 

This is following reports that the government has filed a forfeiture action seeking to freeze seven of Hock Peng's bank accounts and recover RM48 million which is believed to be from 1Malaysia Development Bhd.

The money that the government is seeking to freeze and recover is believed to be from 1Malaysia Development Bhd (1MDB).

“MIEA has many high-profile ways that could be used to combat illegal brokerage, but it seems that they have been focusing such methods on suppressing startups.”

This is for the seven criminal breach of trust and abuse of power charges against former prime minister Datuk Seri Najib Razak, in relation to the RM42 million SRC International Sdn Bhd’s money that was deposited into his accounts.