The latest move is part of the group’s ongoing efforts to maximise the value of its land bank as well as to facilitate the development of the Port Dickson Free Zone (PDFZ).
Biswas said Tuesday’s Court of Appeal decision does not follow the 2009 High Court decision that was upheld by the Court of Appeal and Federal Court—namely that the company "retains beneficial ownership of the land".
The sum of compensation decided by the High Court will have to be deducted by RM1.
The unveiling of Centrum Iris establishes a new benchmark for integrated highland living in Malaysia.
This happens because developers either have not settled the land premium payments or have outstanding issues with the land office.
The High Court’s decision followed Bank Islam’s application under Order 14 of the Rules of Court for the summary judgement against Ivory Properties, according to Ivory Properties’ bourse filing on Thursday (June 19).
Datuk Seri Alexander Nanta Linggi also highlighted that SST on basic construction materials remains at 0%, which ensures that essential supplies remain affordable.
Government valuer Halimatul Saeidah Abd Ghani, 49, said the private valuer had not shown proof that he had failed to obtain permission to inspect or measure the government buildings on the 263.
By district, Johor Bahru (JB) also showed the highest number of residential properties sold for 2012–2025, totalling 73,935 units.
The group said its wholly-owned subsidiary, Berjaya Leisure (Cayman) Ltd, is divesting the 80% stake in Berjaya-Handico12 Co Ltd (BHandico12) to two Vietnamese firms, namely Dong Thinh Phat Land JSC and Green Hill Construction Investment JSC.
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