Even though the RM646.02 million land deal between Penang Development Corp (PDC) and Umech Land Sdn Bhd — a 70%-owned subsidiary of Sunway Bhd — has been cancelled, the state needs to explain how the controversial agreement came to be signed, the Penang Chinese Chamber of Commerce (PCCC) insisted on Wednesday.

The government is looking into raising the floor for paid-up capital and accumulated capital for new property developers, and to blacklist directors of sick and abandoned projects in an effort to ensure the sustainability of the housing sector.

Radium Development Bhd recently handed over keys to purchasers of its Vista Sentul devlopment at Jalan Sentul, adjacent to Jalan Ipoh.

Malaysia came in at 41st place as overall the best country to work remotely, according to the Global Remote Work Index (GRWI).

AmBank has inked green financing facilities with Avaland Bhd valued at RM129.8 million for Alora Residences, the first phase of 2Fifth Avenue green-inspired masterplan.

Noteworthy:

• Freehold
• Built up size: 2,200 sq ft
• Land size: 1,500 sq ft
• 5 bedrooms, 4 bathrooms
• Semi-furnished
• Nearby amenities: Convenience stores, supermarkets, restaurants, The Mines Shopping Centre, AEON Mall Cheras Selatan, MRT Bandar Tun Hussein Onn
• Accessibility: SUKE highway, NPE highway

When: July 2023

The cancer centre is slated to operate early next year.

"We will be in a better position to make the appropriate statement regarding the termination of the joint development agreement after receiving and reviewing the letter from PDC."

The 5.6-acre development comprises three blocks of modern, multi-generational units.