MGB settles RM7.23m with JV partner to revive Cameron Highlands project after six years
The deal allows MGB to start getting approvals and launch the project in the third quarter, which is expected to take four years to complete.
The deal allows MGB to start getting approvals and launch the project in the third quarter, which is expected to take four years to complete.
“As a result of the above decision, the adjudication decision has been enforced by virtue of Section 28 of the Construction Industry Payment and Adjudication Act 2012 as if it is a judgement or order of the High Court.
Dixon said that the signing of the company’s newest Signature location comes as the demand for quality hybrid work solutions and access to a vast network of locations across Malaysia continue to rise.
The Vision Business Park (VBP) features an 80:20 industrial-to-commercial ratio, with 623 acres for industrial use and 137 acres for commercial businesses of all sizes.
The upcoming development will feature 520 residential units, with an estimated gross sales value of RM492 million.
The contract involves the construction of residential units across two phases.
The Arden office tower is located within TA Global’s 48-acre Damansara Avenue masterplan, a mixed-use development with direct access to the Sri Damansara MRT station.
The property developer highlighted that one of its key JV projects, Solasta Dutamas — a three-tower residential development in Mont Kiara with a gross development value of RM771 million — is progressing well and is on track for completion in 2026.
Director-general Datuk Jayaselan K Navaratnam said one of the key changes will be to clearly separate the responsibilities between the Strata Titles Act 1985 (Act 318) and the Strata Management Act 2013 (Act 757), with the former focused on ownership and the latter on building management.
Fajarbaru said the work is scheduled to begin on April 11 and will span nine months, with completion expected by Jan 10, 2026.