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“If 100 sq ft is built first as an increment, but in the future, the goal is to have 80-sq m (861 sq ft) houses, 80 sq m of land must be allocated today.

“As a result of the blacklisting, these developers will be ineligible to apply for new licences until they have settled their outstanding fines.

CIMB Securities said in its note that the domestic focus on the sector makes it relatively attractive to foreign investors.

The contractor, Geopancar Sdn Bhd, had initiated the adjudication to claim payments for substructure works for a project known as Flex @ Bukit Jalil City, undertaken by Ho Hup's wholly-owned unit Bukit Jalil Development Sdn Bhd (BJD).

Radium Development said its wholly owned healthcare unit, A Famosa Specialist Hospital (Malacca) Sdn Bhd (AFSH), plans to construct a hospital on a 7.

While acknowledging the need to address the long-standing landfill issue, residents argue that the developer’s plan to reclaim a large portion of coastline for recycling machinery is unnecessary and contradicts established scientific practices.

Bursa Malaysia Securities granted the extension after IWCity sought more time to finalise the regularisation plan from the original deadline of March 24.

The properties, located on levels five and six of Ho Hup Tower in Plaza Bukit Jalil, are being sold to Premium Realty Sdn Bhd and Sensecube Sdn Bhd respectively, both of which are wholly owned units of Insas.

The job involves the construction of four blocks of apartments of between 30 and 37 storeys high and one block of a five-storey podium with shop offices.

TRX Residences has staked a prominent claim in the nation’s capital city’s skyline with its unmistakable curtain wall façade and skybridge.