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SPAD is still evaluating the proposal as part of the HSR.
"It is extremely difficult to find a place to rent in London and young people are increasingly marginalised."
Chau Thi Thu Nga sold hundreds of apartments to prospective homeowners starting from 2009, though the project was not licensed and the properties were never built.
IOI Properties has a total remaining GDV of ongoing domestic projects of RM4.3 billion, spread across 13 townships.
The project involves the building, infrastructure and landscaping works of the proposed development in Taiping, Perak.
Demonstrating “strong demand for residential units” within the award-winning township.
The city's fifth tallest skyscraper would become Hong Kong's most expensive commercial building ever sold if the HK$40.2 billion (US$5.15 billion or RM21.75 billion) deal goes through.
According to Sierac, the move will enable it to diversify its business into property development, which in turn will reduce its reliance on the business of trading of steel-related products.