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KUALA LUMPUR (April 14): Country Garden Danga Bay Sdn Bhd said on Thursday (April 14) the property developer respects the Federal Court’s decision on Wednesday to not grant the company permission to appeal against late-delivery compensation claims by seven purchasers of properties developed by the firm within Danga Bay in Johor Bahru.

PETALING JAYA (April 14): The first phase of Trinity Wellnessa in Beverly Heights, Ampang North has been fully sold since its launch in September last year.

Yesterday (April 13), the Federal Court dismissed the leave applications brought by Country Garden Danga Bay Sdn Bhd (CGDB) against a group of seven unit purchasers of Country Garden Danga Bay, Johor Bahru.

SUBANG JAYA (April 14): Malaysia Aviation Group and Sunway Group have signed a memorandum of understanding (MoU) to explore wide-ranging joint initiatives that include new business opportunities, joint marketing campaigns, and branding and promotional activities.

Some developers are ‘arm-twisting’ house buyers to sign away their rights to late delivery compensations, but are such waivers legitimate?  Ever so often, when developers fail to complete their projects on time, they devise ways and means to avoid paying compensation for late delivery or liquidated ascertained damages (LAD) to their house buyers.

PUTRAJAYA (April 13): A three-member Federal Court bench on Wednesday (April 13) dismissed a motion for leave to appeal by Johor developer Country Danga Bay Sdn Bhd against damages awarded to seven buyers over late delivery of their service apartments.

KUALA LUMPUR (April 12): The Malaysia Retailers Association (MRA) said on Tuesday it is appealing to the government to review and stagger the minimum wage hike of 25% come May 1, 2022 for the retail industry.

KUALA LUMPUR (April 12): Petroliam Nasional Bhd (Petronas)-controlled real estate entity KLCCP Stapled Group hopes 2022 will be a better year for the property group, although business is unlikely to return to pre-Covid-19 levels during the year as business recovery from movement restrictions will take time, according to chief executive officer Md Shah Mahmood.

PUTRAJAYA (April 12): Property developer S P Setia Bhd has inked a memorandum of understanding (MoU) with Tenaga Nasional Bhd (TNB) to install solar panels across S P Setia’s upcoming residential projects.

PETALING JAYA (April 12): Knight Frank Malaysia expects to see an increase in hotel transactions over the next 24 months, supported by improved appetite of hotel owners and operators as shown in its latest market survey report.