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Tee said cement is an essential building material used from the piling stage and the foundation to the structure and even interior design.

A total of 10 empty houses were issued notices and had to be broken into for clean up works.

WSJ identified them as a UAE citizen who once led Abu Dhabi’s IPIC, and an American who ran a subsidiary of IPIC.

“But moving forward, we will see some light at the end of the tunnel after the revival of ECRL and Bandar Malaysia."

However, it would be decided after the alignment of the mega project is finalised this year before the expected land acquisition process takes place next year.

A senior member of TRX City’s management confirmed that Goh was still the outfit’s company secretary but claimed to not know that she was Jho Low’s aunt.

Lim said they were worried that the drastic increase in cement prices would have adverse effects on the construction industry.

It stressed that the cement industry is highly capital intensive and hence needs to have a reasonable return on its investments in order to be able to meet the expectations of all its stakeholders.

“We never say no to new markets but we do not venture into new markets just because we want to. We have to look at the resources and see what kind of value the new market can give us.”

Parque Melbourne is one of S P Setia’s three completed projects in Melbourne. The other two completed projects are Fulton Lane and Maison Carnegie. Another three projects that are ongoing are UNO Melbourne, Sapphire by the Gardens and Marque Residences. All six high-rise residential projects are located in the central business district (CBD) of Melbourne.