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.
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.
It also saw net profit for the quarter increase 2.
Findings from EPIQ showed that Putra Heights is encased by areas of dedicated parkland and large clusters of green lungs which are tightly packed together, including the brand new 7.
Central to the issue is the liquidated ascertained damages (LAD) claimed by the homebuyers, purportedly for late delivery of the property, despite being granted the EOT by the government before the SPA was signed.
The latest contract is Ahmad Zaki's second win from the public works department in 2024.
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