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Over the past one year, Ireka has been hit with at least two other lawsuits over defaults in payment.

In a note, Kenanga Investment Bank Bhd said it is optimistic about KLCCP's prospects in the upcoming quarters, bolstered by the office division's robust 100% occupancy rate as of end-December 2023, increase in hotel operation’s occupancy ratio from 52% to 55%, and improved performance in the management services due to the rise in transient and season car park customers.

The Alliance Home Complete programme offers an additional loan of up to 10% of the property value or a maximum of RM150,000 to buyers of participating UEM Sunrise projects.

This is the fourth time that the MPC has decided to maintain the OPR at 3% since July 2023.

Furthermore, Maybank IB expects the 10-year Malaysian government securities (MGS) yield to lower to 3.

Maybank Investment Bank (Maybank IB) head of equity research Wong Chew Hann: In the private sector, you go into business because you want to make money.

In a filing to Bursa Malaysia, Ireka said it has received the winding-up petition on Jan 8 served by AmBank via its solicitors, Messrs Heiley Hassan, Tan & Partners.

The property sector stood out as the second best performing sector on Bursa Malaysia in 2023 as the KL Property Index recorded an impressive return of 34.

The tax at a rate of 5% to 10% (previously known as the luxury tax) will come into effect in May.

Throughout 2023, EdgeProp has delivered numerous industry stories to ensure you stay well-versed and empowered in navigating the property landscape.