“However, sadly, the plot of land already cleared will need 30 years for new mangrove trees to grow,” Kuala Sepetang assemblyman Chua Yee Ling said in a statement today.

Those who attended yesterday’s open session on the RM27 billion Penang Transport Master Plan were generally welcoming of the ambitious project. They were, however, also concerned about the impact it could have on the homes and the environment.

In a filing with Bursa Malaysia today, it was revealed that the plan will first involve Hua Yang acquiring G Land Development Sdn Bhd, a company based in Bukit Mertajam, Penang, for RM16.55 million.

Menteri Besar Datuk Seri Mohamad Hasan said there were about 10 plots of Putrajaya-owned land that contained failing projects.

Petaling Jaya residents want the city council to put the house to good use, including allowing them to use it as a centre for activities, saying it is wasteful for the bungalow in Jalan Tinggi, 6/12 to be left vacant.

The 193-room Best Western Premier La Grande Hotel has eight meeting rooms and a business centre, a spa, heated swimming pool and a fully-equipped fitness centre. There is also a restaurant serving Indonesian, Asian and international cuisine.

Finance director Ooi conceded the need to diversify the business due to increasing competition. “Our business volume may come from construction, but profit may be from other activities. For construction, we try to negotiate better margin and save costs,”

MRCB said the RM640 million price tag for the proposed disposal is based on a valuation by independent valuer C H Williams Talhar & Wong Sdn Bhd. The purchase is expected to be funded by MQREIT via a combination of cash and issuance of new units.

“There is a population base of over 700,000, with more than 300,000 from Kluang and exceeding 400,000 [including] Batu Pahat. This is a significant market, which is at least one and a half hours’ drive from Johor Bahru, so we felt it was time to bring in international retailers,” said Tey.

8 Kia Peng is a high-end residential project that will be built on a 1.05-acre freehold parcel on Jalan Changkat Kia Peng, Kuala Lumpur.