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The group has, via its wholly owned SkyWorld Development (Vietnam) Co Ltd (SkyWorld Vietnam), inked a memorandum of understanding (MOU) with Dong Me Kong Construction Manufacture Trading Service Co Ltd (DMK) and Phu My Development Investment Joint Stock Company (PM) for the purpose.

“If you have multiple phases, there are still some issues and grey areas that need to be addressed … We’re seriously looking into it with the government now, hoping that [the old act will be] overhauled to address these issues, especially those concerning strata management,” Tan said.

Director-general Datuk Jayaselan K Navaratnam said one of the key changes will be to clearly separate the responsibilities between the Strata Titles Act 1985 (Act 318) and the Strata Management Act 2013 (Act 757), with the former focused on ownership and the latter on building management.

In their suit filed on March 27, Hydroshoppe and Menara KL claim that LSH Capital and its units had induced a breach of a contract that the plaintiffs had agreed to with the government in an Aug 1, 2022 meeting.

"By establishing a new Act, specifically for property managers, we aim to improve the quality of property management services in Malaysia, ensuring that the maintenance fees paid are properly utilised for things such as lift maintenance, parks, and even waste collection or sewerage system repair works.

This marks the fourth contract Kerjaya Prospek has secured since the beginning of the year, bringing its outstanding order book to over RM4.

“If 100 sq ft is built first as an increment, but in the future, the goal is to have 80-sq m (861 sq ft) houses, 80 sq m of land must be allocated today.

Radium Development said its wholly owned healthcare unit, A Famosa Specialist Hospital (Malacca) Sdn Bhd (AFSH), plans to construct a hospital on a 7.

TRX Residences has staked a prominent claim in the nation’s capital city’s skyline with its unmistakable curtain wall façade and skybridge.

Unlike the conventional cross-subsidy model to provide affordable housing, where private developers and free-market house buyers are always on the “losing side”, a fairer resource allocation can be achieved through the “Madani Credits” system.