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He said the remaining nine payments will be paid in stages, with total compensation of RM1.

Suria Heights 2-storey cluster (CH-P1) is a modern residential enclave featuring 2-storey cluster homes, thoughtfully designed for families seeking harmony, space, and contemporary living.

Menteri Besar Datuk Seri Aminuddin Harun said the project is being realised through a collaboration between the Hosein Family Office (USA) and the Gan Family Office (Malaysia).

Based on the First Half of the 2025 Property Market Report by the National Property Information Centre (Napic), the state's property market recorded encouraging performance with the number of transactions increasing by 6.

Under the partnership, Matrix Concepts will contribute its expertise in community-focused development and provide the strategic Sendayan location, ensuring accessibility for families.

The MOU follows Golog’s recent strategic cooperation agreements with China Henan Aviation Group Co Ltd that were signed on Sept 18 to strengthen industrial park development and enhance air cargo capacity between China and Malaysia.

Further compounding Ivory’s challenges, the company also announced on Aug 21 that Bursa Securities had rejected its application for an additional extension of time to submit its regularisation plan.

MUI Properties announced plans to pay out dividends from the sale just last week, after it varied the utilisation of proceeds “to reward its shareholders by returning capital to its valued shareholders for their continuous support while continuing to invest in MUI Properties Group’s future”.

Ivory Properties has been in Practice Note 17 (PN17) status since 2022 after its auditor flagged its ability to continue as a going concern.

The two parcels are located in Hamilton Industrial Park with a combined area of 15.