In a statement today, the group said the non-fulfillment will disrupt the strategic development plan and time frame that the group had for the parcel of land.

SDB communications and corporate affairs head Lina Othman told The Malaysian Insider that they received the approval from City Hall on September 3, 2014. “We will continue to carry out maintenance, such as grass cutting, plant trimming and overseeing the site. Fogging is also carried out on a monthly basis,” she said.

Even single-storey terraced houses in Foh Sang and Luyang can fetch a price of RM500,000 easily.

8 Conlay, the first property project by KSK Land, has a gross development value of RM4.5 billion.

MIEA Sabah state chairman Henry Tai said the property market in Sabah is cautious with prices remaining stable, and notes that property transactions have slowed down rapidly.

Sunway Velocity is a 23-acre integrated development with six components comprising retail, offices, residences, healthcare, hospitality and public spaces in the V Boulevard and V Gardens area.

Encorp said its unit Encorp Development Pty Ltd has entered into a development and management agreement with Tew Investments Pty Ltd to develop a piece of freehold land in Perth, Australia, without disclosing the size of the land.

Penang is expected to register a 5% to 6% growth in its gross domestic product, outpacing the overall country’s growth by 1%

1MDB Real Estate Sdn Bhd (1MDB RE) warned that Khidmat Runding Jatipadu had issued letters bearing the Malaysian government logo under a Perbadanan Bandar Malaysia letterhead.

Lim’s ultimate goal is to make Malaysia well-recognised internationally as a diverse and multicultural country