Sold for: RM6 million; Concluded by: Shawn Fernandez (E 2445) of Fernstate Sdn Bhd (016-288 1251); When: September 2017

More on this at the upcoming 11th Malaysian Property Summit organised by PEPS

The group made a net loss of RM145.99 million in the second financial quarter ended Oct 31, 2017 (2QFY18) compared with a net profit of RM176.51 million a year ago.

Kimlun said it plans to build commercial properties on the tracts.

The regis­trar’s caveat is meant to pre­vent fraud in deal­ings, mis­rep­re­sen­ta­tion and mis­use of the land en­ti­tle­ment.

There are two channels for bidders to bid — online and manual.

The state government had maintained land tax tariffs for the past 14 years.

Its investment holding and Australian operations recorded higher revenue.

The group acquired property development firm Kajang Heights Development Sdn Bhd.

This is over the RM270 million land deal at Jalan Semarak, which took place in 2015, during his tenure.