A source told Bernama that the two held were a lawyer and a female assistant.

Aimed towards young families and investors, prices of Rica Residence @ Sentul units start from RM600 per sq ft with built-up spaces ranging from 657 sq ft to 1,238 sq ft, the layout types include studios, two-bedroom units and dual-key homes.

More malls are being built and none closed down last year, says PPK Malaysia.

Developers are finding it difficult to comply with the requirement under the country’s stata management laws to submit the number of share units in a development when submitting their strata plans to the authorities.

Impending contracts for the project expected to benefit both small and large contractors, says analyst.

Sunway said its wholly-owned subsidiary, Sunway Forum Hotel Sdn Bhd, will receive RM340 million for the property, which comprises the Sunway Clio Hotel, a three-storey retail space and a multistorey car park.

Sold for: RM3.35 million; Concluded by: Jacob Chin (REN 06912) of Vivahomes Realty (017-612 2331); When: April 2017

The project has a total gross development value (GDV) of RM144.48 million, on the back of gross development cost of RM126.88 million.

Fajarbaru Properties Sdn Bhd plans to launch the second of its Rica Residence series of residential high-rise projects called Rica Residence Kinrara in Puchong, Selangor in the next six months.

IWCity has been in the spotlight in anticipation that its major shareholder Iskandar Waterfront Holdings Sdn Bhd might get a second chance to develop Bandar Malaysia.