The two parties said the agreement, following discussions that began in 2023, will be formalised through the establishment of a special purpose vehicle (SPV), which aims to support the Selangor state government’s aspiration to transform Carey Island into an industrial and logistics hub.
Maxim said the stay applied to the development order issued by the Kuala Lumpur City Hall (DBKL) back in October 2017 for the development of five blocks of 30-storey apartments.
This happens because developers either have not settled the land premium payments or have outstanding issues with the land office.
These are the “Sincerely, Setia Youth Engagement” initiative and “Sincerely, Setia Festive (Kaamatan) & Healthcare Assistance Programme”.
The land, measuring about 5,260 sq m, is located at Jalan TPP 3, Taman Perindustrian Putra.
In a filing with Bursa Malaysia on Thursday, the civil engineering group said its wholly owned subsidiary, Advancecon Infra Sdn Bhd, is seeking RM15.
Halimatul Saeidah Abd Ghani, 49, said that although she agreed that some plots of land in Mont’Kiara and Kenny Hills were comparable property to the ‘Duta enclave’, she did not use them in her valuation as those plots contained tiny bungalows.
The High Court’s decision followed Bank Islam’s application under Order 14 of the Rules of Court for the summary judgement against Ivory Properties, according to Ivory Properties’ bourse filing on Thursday (June 19).
Prime Minister Datuk Seri Anwar Ibrahim: “Name me one other economic zone that involves two countries, built entirely on mutual trust and the spirit of working as one formidable team.
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