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What now for homebuyers? Homebuyers can be rest assured that their right to claim for damages for late delivery of vacant possession remains unchanged.

REHDA Malaysia president Datuk Ho Hon Sang: “We would also like to reiterate that we are not in favour of unnecessary extension of time unless for very valid reasons, developers must honour the terms in the contracted sales to deliver within the time allowed by the law.

“We are grateful and honoured to have our developments — Essex Gardens in Setia Eco Templer and Setia City Mall — with the respective partners and property managers recognised as one of the well managed developments in the country and benchmarked by key industry standards, and our respected peers,” said SP Setia CEO and president Datuk Choong Kai Wai.

Federal Court judge Datuk Seri Hasnah Mohammed Hashim said said homebuyers cannot rely on the Ang Ming Lee decision as a "carte blanche" in order to make financial gain against developers who had obtained EOT prior to that landmark decision.

In a note on Friday, the research house said Kerjaya’s current outstanding order book stands at RM4.

In a trading stocks note on Friday, the research house said the counter is seen moving sideways below the 64 sen resistance.

The MOU outlines JAKS Solar Power and TDM-YT Plantation's plan to conduct feasibility studies for using the land for the LSS5 project and to negotiate the terms of the lease agreement.

Looking forward, the REIT said the primary challenge for Malaysia’s retail sector is still the escalating cost of living affecting consumers across income brackets.

“We are excited by the potential of our existing assets and the vast opportunities to acquire high quality accretive assets with strong recurring rental income to expand our portfolio,” said KIP REIT chief executive officer Valerie Ong Pui Shan.

Its property operating expenses stood at RM11.