A resident said this is the first time the local authority had stepped in. “Normally they only come and discuss but nothing would be done.”

He said these strategies are crafted to bridge the gap between the haves and have-nots and the races.

“Interest towards Malaysian properties was already on the uptrend, especially after the travel show hosted by Hong Kong artist Chapman To called Pick me up to Malaysia went on air end-April.”

“I wanted to change my lifestyle, maybe start a small business, so that I can have more time for my family and give them a better living environment. This was why I chose to move to Malaysia.”

“There is no reason (for landowners) to protest, the price offered is good, the development goals are great and a lot of problems can be solved."

Concession-type jobs allow companies to diversify their earnings base with more sustainable income and help provide an income buffer.

The lots measuring a combined 2.33 acres are located next to the Chinese embassy and are currently registered to Yip Fung Sdn Bhd, a wholly-owned subsidiary of Nan Fung Textiles Ltd, which has been trying to dispose of the land as well as several other parcels since 2016.

He said the process of blacklisting those involved is in progress as their action hampered the state government’s to see more of its people to own land.

The Edge previously reported that Boustead was selling the Royale Chulan Bukit Bintang Hotel, a transaction it had yet to complete after entering into 22 months ago.

The three are former Eastern & Oriental Bhd (E&O) managing director Datuk Seri Tham Ka Hon (RM4.18 million), former Fututech Bhd chief executive officer Loo Soo Long (RM2.11 million) and Chu Yoke Fong (RM1.39 million).