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EcoWorld also surpassed its FY2024 sales target of RM3.

Judge Datuk Lee Swee Seng, who led the three-member bench, fixed Nov 7 as the hearing date for both appeals, as both parties agreed that it would proceed without grounds to High Court judge Datuk Ahmad Shahrir Mohd Salleh’s decision on Aug 7, which contains the order for the registration of the transfer.

Negotiations have been ongoing and “actively progressing”, senior federal counsel Shamsul Bolhassan told a three-member Court of Appeal bench led by judge Datuk Lee Swee Seng, following a court order last month to transfer the land to the liquidators of Semantan Estate (1952) Sdn Bhd.

The construction of the terraced houses is expected to be completed within three years, while the substations are projected to be finished within six months after receiving the architect’s instructions, the company said.

This is going to be the second REIT to be controlled by billionaire tycoon Tan Sri Desmond Lim Siew Choon, after Pavilion REIT.

The planned launches during the year with a total estimated gross development value (GDV) of RM459 million include new phases of double-storey houses within Glomac’s established township developments.

DONE DEAL: Town house, Taman Bukit Serdang, Selangor DONE DEAL: Verticas Residensi, Bukit Bintang, Kuala Lumpur Ampang Hilir’s landed residential properties fall into three main built-up size ranges, a majority of properties falling into the 1,000 to 2,000 sq ft range.

Embassy Gardens, which brought in RM224 million sales, was the biggest contributor, followed by Wardian (RM146 million), and Millbrook Park (RM55 million).

Rate cuts in the US have been mostly positive for the FBM KLCI with a median return of 8% over a 12-month period after a US rate cut, Kenanga said in a note.

“Our board members and management team were inspired by his leadership and Alliance Bank was privileged to have him at the helm as we embarked on a solid growth path.