The parties involved in the transaction are not known.

Is also seeking a Qlassic penalty of RM3 million for failure to score a minimum of 85%.

The association will not compromise on the matter as it affects all residents, especially those living nearby.

An estimated 80,000 jobs are expected to be created by the project. 

"We are aware of oversupply issue (office space) in the market, but [the] majority of our assets [are] located at desirable locations,..."

Average number of bedrooms also dropped by almost half. 

"If we want a particular region to develop we must link the region to all areas in the country."

The group has successfully secured total contracts worth RM297.6 million.

YFG said the project is expected to commence on May 8.

Yong Tai said the sukuk programme shall have a tenure of 20 years.