The first phase of the development called Residensi Akasia is part of the Rumah Selangoku affordable housing scheme and offers a total of 963 units spread across two towers.
The Mate is a mixed-development project made up of three components, which are residential, co-living and co-working spaces.
The claims by the ex-contractor, Kencana Amanjaya Sdn Bhd, are baseless and frivolous, said OCR in a statement on Thursday (April 20), adding that it has instructed its solicitors to contest the matter to fully defend its interest.
Kencana Amanjaya Sdn Bhd is suing OCR’s 90%-owned subsidiary OCR Properties (Kuantan) Sdn Bhd relating to a residential project involving 979 terrace houses and 130 units of semi-detached houses in Kuantan.
KUALA LUMPUR (April 21): Property developers OCR Group Bhd and Magna Prima Bhd are joining hands to develop an integrated e-commerce logistics hub with a planned gross development value of RM1.
KUALA LUMPUR (Dec 8): Integrated property developer OCR Group Bhd (OCR) has signed a memorandum of understanding (MOU) with Plytec Holding Sdn Bhd (Plytec) to use advanced technologies in selected OCR projects.
KUALA LUMPUR (June 24): OCR Group Bhd’s wholly-owned unit OCR Construction Sdn Bhd (OCRSB) has commenced arbitration proceedings against Kencana Amanjaya Sdn Bhd (KASB), following breaches of obligations concerning a delayed construction project in Petaling Jaya, Selangor.
PETALING JAYA (June 30): OCR Group Bhd posted a revenue of RM28 million for its first quarter ended March 31, 2020 (1QFY20), up 28.
KUALA LUMPUR (March 26): Permaju Industries has teamed up with OCR Group Bhd to develop a residential and commercial project with an estimated gross development value (GDV) of RM1 billion in Kota Kinabalu.
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