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Tan Sri Vincent Tan’s counsel Chuar Kia Lin confirmed with The Edge that the Shah Alam High Court allowed the ex-parte injunction application earlier on Thursday (Aug 17).

The official launch of SouthPlace 2 Shoppes & Residences, which was previously soft launched in May, also comes on the heels of Tropicana’s announcement of upscale supermarket Mercato as the anchor tenant at SouthPlace Shoppes & Residences.

Country Heights attributed the default to differences in cash flow timing due to delays in client payments, resulting in a temporary cash flow constraint.

Phase one will consist of 166 shops, with 147 units being two-storey shop offices and the remaining 19 units shop office units with sub-basement car parks.

Sales achievement of RM2.

Tan Kian Aun, president of Malaysian Institute of Estate Agents: While property investors want to maximise their returns on investment, we also need to take into consideration of safety and also overcrowding of the apartment.

The company said it is expected to complete phase 1, consisting of 500 units of 33-storey serviced apartment — 38 months from the date of commencement and complete Phase 2, consisting 499 units of 33-storey serviced apartment, in 33 months.

The group has been actively looking into investing in Perth for some time due to the city’s strong fundamentals underpinning the economy, a lower housing entry point and some of the best prospects for capital gains in Australia.

In a note on Monday, RHB Research said that the federal government will likely be in a stronger position to focus on rolling out programmes and implementing its reform agenda, which could lead to government jobs picking up pace in the coming months.

Imposing a vacancy tax on developers on these properties will not in any way help to resolve the problem and will only result in new houses being more expensive as developers will pass on the cost of any additional taxes to future launches.