Radium cancels joint development of KL land involved in legal dispute
Under the termination agreement, NMCSB must refund Radium its RM14 million deposit paid earlier, along with interest at a rate of 10% per annum, calculated daily.
Under the termination agreement, NMCSB must refund Radium its RM14 million deposit paid earlier, along with interest at a rate of 10% per annum, calculated daily.
The move underscores Maming Group’s intent to ensure a professional standard of property management across its growing portfolio.
Other planned initiatives include securing additional exclusive mandates on mixed-use and industrial developments, as well as curating more bespoke project marketing and tender advisory services for its clients.
The termination is in respect of the undeveloped phases of the project, Gadang said in a bourse filing on Friday.
The issue price represents a discount of 3.
Prior to this latest award, it obtained a RM40.
The property currently generates a monthly rental income of RM20,000.
Under RHB Green Residential Property Loan/Financing, home purchasers can opt for loan/financing margins of up to 95% (inclusive of entry cost financing), with an additional 5% to finance MRTA/MRTT coverage.
Aminuddin said infrastructure like water, energy, and connectivity is being planned in advance, especially for key areas like Enstek and Techpark.
The project is located 8km from the upcoming Rapid Transit System (RTS) station at Bukit Chagar, which will connect Johor Bahru to Woodlands, Singapore.