The stamp duty, announced by Singapore's Ministry of National Development, is a property cooling measure to dampen investment demand and prioritise housing for locals meant for owner-occupation.
The bid price translates to a price of S$2,068.
On March 23, SunCon announced to Bursa Malaysia that its wholly-owned subsidiary Sunway Construction Sdn Bhd had signed the Letter of Acceptance in respect for the proposed construction and completion of Package 1B and Package 5 for the RTS project.
In Malaysia, the affordable housing segment is partly funded by the free-market housing that is priced to cover the outstanding cost of developing the former.
“Once the Cabinet agrees, a technical committee will be established to work on it, and for sure it will be brought to the highest leadership.
The question that begs to be asked is: Why were these built there in the first place? More importantly, what needs to be done moving forward to ensure the problem does not repeat itself? Building cookie-cutter affordable homes is not just doing a disservice to those who need them, but fanning a burning issue that has been around for too long.
IEL had been placed on the watchlist pursuant to Rule 1311(2) (minimum trading price entry criteria) and Rule 1311(1) (financial entry criteria) of SGX-ST’s listing manual in 2017.
"Since 1983, the interconnector has enabled mutual energy transfer between Singapore and Malaysia during times of power system disturbances.
"As businesses embrace sustainability due to its growing significance — components such as Landscape Replacement Area, Green Plot Ratio and Green Mark Ratings have been included as part of the judging criteria in our merit-based awards.
The property, which is a factory building sited on freehold land, was sold to Meng Shin Garment Sdn Bhd and Keow Bee Garment Sdn Bhd.
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