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A joint statement on Tuesday said there will be two parts to the partnership — an energy performance contract (EPC) and a memorandum of business exploration (MOBE).

It said both parties have mutually agreed to terminate the contract, resulting in an unconditional release and indefinite discharge of all claims, liens, and obligations related to the project works.

“This is to reduce incidents of double taxing or cascading effect from the tax-on-tax imposition on several layers of the logistics supply chain.

The research house is positive on the deal, as it allows Scientex to expand its footprint and build upon its success in affordable housing in the northern part of Selangor.

Housing and Local Government Minister Nga Kor Ming: Therefore, many of our cities, especially in Kuala Lumpur, are potential slums if we do not do anything.

Upcoming F&B tenants include Canton Boy, Mr Vegan, Pezzo Pizza, BabaBoy, BananaBro, Bread History & Sandwich Box, KPOP Madang, Taste of Medan, Noodle King House as well as a Western restaurant with a bar concept adjacent to Canton Boy.

Named the Madani Muhibah Ceremony, the event featured 20 food stalls representing Malaysia's multiracial communities including Sabah and Sarawak.

He acknowledged that KPKT and the state authorities are still facing challenges in addressing this issue, including detecting individuals who may build housing units in rural and suburban areas, and in pocket developments where the scale of the project is small and may go undetected.

According to media reports, Penang Chief Minister Chow Kon Yeow said a pre-qualification request for the RFP was advertised from Feb 8 and the tender will continue to be advertised in mainstream media and PDC’s website for six weeks until March 21.

Post transaction, the REIT’s enlarged portfolio will consist of 10 properties, with the proportion of industrial and logistics properties increasing from 10% to 11% of its total portfolio's net lettable area of approximately 4.