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Kelana Square Petaling Jaya office sold for RM1.

“The established developers with over 20 years of experience and a history of successful project delivery pose a lower risk to homebuyers and should benefit from a streamlined development approval process.

The properties are part of 24 properties that CIMB Bank has been leasing from EPF under a sale and leaseback agreement dated Dec 30, 2009, which is set to expire on June 30 this year.

The 109 developers blacklisted were mostly “due to non-compliance with regulatory requirements for their projects”.

At present, the company is focusing on asset rejuvenation — including upgrading and refurbishing its properties — in an effort to attract more tenants.

The contract lasts 40 months, with completion expected by July 9, 2028.

Have you found yourself wishing you lived closer to the action, but felt priced out? Maybe you have been dreaming of a spacious, beautifully-designed high-rise home just a stone’s throw from the city, with access to transit stations and major highways, so you don’t have to sit in a jam all day.

EdgeProp Malaysia’s YouthFest 2025 spotlighted young property investors who have embarked on their journeys despite the perceived age and income barrier.

The bank has also requested that a reserve price be set by the court and a licensed auctioneer appointed to handle the sale.

Of the West Coast Expressway’s 11 sections, eight have been completed and begun operations — the most recent being Section 2, which commenced in January this year.