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SC said that it is currently working with the relevant stakeholders to operationalise the scheme by the first quarter of 2025.

It said these incentives, which aim to establish Forest City as a hub for family offices, are projected to attract local and international investments, fuelling demand for property and creating job opportunities over the long term.

The proposed acquisition will be a key component of NCT’s growth strategy in Sabah as the group seeks to expand its property development business in the state, said its executive chairman Datuk Seri Yap Ngan Choy.

This is the second foreign big name that has put the brakes on expanding production, after Osram Opto Semiconductors Sdn Bhd, a unit of Austrian-German leading intelligent sensor and emitter-maker ams Osram.

The factory, identified as Type Cm, sits on 2,633.

Under the partnership, RHB Bank will provide preferential mortgage margin of financing of up to 95% + 5% (mortgage reducing term assurance or mortgage reducing takaful term) for buyers of green residential projects with green certification by OSK Property, namely Alia @ Mori Park in Shah Alam and NARA at Shorea Park in Puchong.

Structural completion marks major milestone, setting the stage for final construction phase — with an anticipated completion on February 2027.

There is a need to consider the relocation of regulations with regard to building manager and building management from the MOF to KPKT; so as to restore a balanced property industry ecosystem, where each individual stakeholder strives to look for ways to collaborate and leverage the power as a whole, in such a way to create a constantly evolving relationship not only to survive but to thrive.

To attract international capital to Forest City, the government is offering a concessionary corporate tax rate of between 0% and 5%, and a personal income tax rate of 15% for knowledge workers and Malaysians who choose to work there, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

MRMA chair and Axis REIT Managers Bhd chief executive officer Leong Kit May said that M-REIT commercial sub-sectors were bolstered by proactive government policies such as the 30-day visa exemption for China and India visitors.