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The development consists of two towers, both 41 storeys high, totalling 870 units.

“The real danger is when borrowers are already struggling to service the monthly loan instalment before the OPR increase, they will definitely find it very difficult to pay for even the slightest increase in loan instalments.

In its recent OPR announcement, BNM highlighted that Malaysia’s GDP measure for 2023 indicates an improvement in the nation’s economic activity.

The REIT said the purchase consideration represents a marginal discount of RM500,000 or 1.

Based on the theme “Madani Planning in SDG2030 acceleration”, the event will see speakers from various Commonwealth and ASEAN nations join in to share their insights on urban planning.

In a statement on Thursday, Stella said the acquisition — which comes with a profit guarantee of RM120 million for the financial year ending June 30, 2024 (FY2024), FY2025, and FY2026 on an aggregate basis — is especially noteworthy, due to PTM's RM1.

As of now, the Malaysian government has not initiated any discussions regarding the HSR with the Singapore government, even during the recent two-day Malaysia-Singapore Leaders' Retreat, according to Transport Minister Anthony Loke.

This is despite calls from some quarters for the central bank to raise the key interest rate to help stabilise the ringgit, which is near a 25-year low against the US dollar.

Transport Minister Anthony Loke stated that this includes the construction of five new stations, the acquisition of three sets of three-car trains to maintain service intervals, upgrading of the train depot, as well as other expenses involving independent checking engineers, project management and legal fees.

With a gross development value of RM40 million, the two-acre Candella 2 is scheduled for completion by end-2025.