The policy thrust is steering developers towards mass-market and mid-range products, supported by financing incentives including housing guarantees, stamp duty exemptions and tax reliefs for homes priced below RM750,000.
Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi: This is not a racial issue, as the Madani government upholds inclusiveness in the implementation of national agendas, including in the Federal Territories.
The experience centre was developed in collaboration with AgiBot, a humanoid robotics company headquartered in Shanghai, China.
Developed by Magma Kiara Sdn Bhd, a subsidiary of Magma Property, Wolo Mont Kiara KL comprises a residential component under the WOLO brand and a hotel affiliated with Design Hotels, part of Marriott Bonvoy.
Just a year into his executive director role, Yu Jian Loong, 25, was one of three board members who were voted out after seeking re-election at the company’s AGM.
The scope of works includes road and drainage construction, sewerage works, water reticulation and other ancillary works.
The property comprises about 72,356 sq ft of land, with an additional 23,357 sq ft of extra land, and a gross floor area of about 33,350 sq ft.
In a bourse filing, the group said the acquisition will allow it to launch development swiftly, as approvals have already been secured.
Sime Darby Property said the initiative reflects its commitment to fostering inclusive, community-driven townships, while leveraging Elmina Lakeside Mall’s accessibility to encourage public participation.
The group has set a target to launch over 10,000 units a year.
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