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The uptake was bolstered by an expansion from existing tenant Urban Pinnacle Ventures Sdn Bhd, which signed an additional 134,000 sq ft, bringing the total occupancy to nearly 250,000 sq ft.

Unless substantial amendments are made or both legislations are forthwith withdrawn, they risk undermining property rights, community participation, and the democratic governance of the city of KL.

The URA does not merely entail urban redevelopment of private land, but disturbingly, also postulates the possibility of “privatisation” and “commercialisation” of public land — land gazetted and reserved by state authorities for public purposes under Section 62 of the National Land Code (Act 56 of 1965) and land owned by the Federal Land Commissioner (PTP).

The group, which is mainly engaged in property development and construction, plantation, and building material trading, booked unrealised foreign exchange gains of RM800,000 for the quarter, compared with RM5 million in 2QFY2023, according to its bourse filing on Friday.

He has held various leadership roles, including serving as the group CEO of seven companies within the PNB group, throughout his 18 years with PNB.

Prime Minister Datuk Seri Anwar Ibrahim said the incentives include an industrial building allowance, a tax exemption for 70% of the statutory income for five years for property developers, and a stamp duty exemption for loan and service agreements.

The opening of The Exchange TRX retail and TRX City Park recently sparked a frenzy nationwide and both continue to be mainstays on the digital sphere.

Overhang properties is mainly due to unmet housing demand related to varying economic climates, housing preferences, market sentiment, housing affordability, credit accessibility, as well as demographics and lifestyle changes.

Is it a freebie in the truest sense of the word? Are buyers really enjoying a waiver of such legal fees? To woo purchasers in a competitive property market, developers often offers various freebies, including air-conditioners, kitchen cabinets, automatic gates, club memberships and legal fees.

The key design concept of the park represents elements of the Malaysian landscape providing opportunities for visitors to explore various landscape types associated with changes in topography, such as forest edges, limestone outcrops, an urban village, hillside ravines, hillside streams leading to coastal lowlands, and landscapes that are modified by ethnobotanic planting.