“This will make Malaysia regain the trust of the market and investors and be able to place Malaysia as a new Asian Tiger.”

Instead, Khalid said what was meant by the 90% (landowners) was that they had agreed to sell their lots and were also agreeable to the Kampung Baru Development Project, but wanted a higher price.

Kamarul Hisham said the team objected the government’s forfeiture bid on grounds the prosecution had used a wrong method in filling the suit.

In a bourse filing yesterday, Anzo said it has entered into a mutual termination agreement with Tinta Anggun Engineering Sdn Bhd for the termination.

“Being the Royal Town of Selangor, Klang has so many stories to tell, but we are not going to do it by talking. What beats the fun of experiencing it?”

The RPGT which had seen a new schedule of rates take effect at the beginning of this year is hurting property owners by trimming their profit margin.

MCIEA recognises the achievements of top performing developers, contractors, consultants, projects and individuals as well as organisations.

KPKT Secretary-General Datuk Sri Mohammad Mentek: The development started three months ago

“The removal and reduction of the RPGT after the fifth year will indirectly stimulate the property market and encourage more buyers and investors to re-enter the property market and this will also assist to reduce the property overhang…”

"For the Malaysian construction industry to move forward as a whole, industry players must make the shift to adopt best practices.”