It said the unit, Opti Vega Sdn Bhd, had exercised an option in a development rights agreement signed with Intact Corporate Approach Sdn Bhd (ICA) earlier this year.
Vizione Builder had, on Oct 8, served a default notice to Inspirasi Langkawi on Oct 8 over the partial or non-payment of its works, and warned that it would suspend work or quit the job if the outstanding sum was not settled.
Explaining the diversification move, Classita said it expects to improve its financial performance and condition by tapping onto the growing demand within the property industry.
SkyWorld chief executive officer Lee Chee Seng: “The cumulative GDV for our pipeline of planned developments to be launched within the next two years is more than RM3.
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S P Setia bagged the Outstanding Overseas Project Award for its project Sapphire by the Gardens in Melbourne, Australia; while being also listed in the prestigious Top Property Developers Awards (TPDA) 2024, for quantitative and qualitative categories overall.
Among the many residential hot spots in Selangor, Puchong stands out as a dynamic urban hub and a sprawling conurbation on the fringes of Petaling Jaya, making it one of the top locations for homeseekers.
MBAM president Oliver HC Wee said in a press statement on Nov 15 that many building inspectors have “misinterpreted or even misused the guidebook” and have ill-advised homeowners on their property defects.
He succeeds Raja Nazirin Shah Raja Mohamad, whose tenure concludes with the expiry of his contract.
Thus far, the developer has launched projects totalling a GDV of RM1.
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