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Within slightly “less than two years of its inception, ESP breached the 3,000 sales agent mark from the 25 offices it powers” throughout the country.

Jointly developed with Temokin Holdings Sdn Bhd, Tropicana Miyu comprises 271 units with built-ups from 600 sq ft to 2,183 sq ft.

“This proposed acquisition is in line with our strategy of replenishing our land bank at locations with strong growth potential and to scale up our property development activities to generate long-term sustainable income.

It said the funding issue has been resolved, and construction work was to have resumed in mid-February.

“Once the Cabinet agrees, a technical committee will be established to work on it, and for sure it will be brought to the highest leadership.

The main building works consist of three blocks of residential condominium towers comprising 341 units, together with four levels of basement car park and three levels of podium facilities.

He joined Guocoland Group in 2011, after working with GL Ltd  (now known as GuocoLeisure Ltd), which is owned by Hong Kong-listed Guoco Group Ltd.

The groups believe the proposed luxury tax is a "lose-lose proposition" where the country will "lose foreign tourist arrivals and lose Malaysians from buying locally, coupled with the loss of foreign exchange".

Meanwhile, the potential reduction in project cost for the MRT3, from RM50.

The 238-room INNSiDE by Meliá Kuala Lumpur Cheras is expected to open its doors this month.