TCS bags RM130 mil related-party contract to build apartments in Kuala Langat
The 630-unit serviced apartment project, known as Arcadia Residences, is located in the Kuala Langat district.
The 630-unit serviced apartment project, known as Arcadia Residences, is located in the Kuala Langat district.
The property group said it is not aware of any rumour or report concerning the business and affairs of the group that may account for the unusual trading activity, as noted in an exchange filing.
Alira Subang Jaya offers 60 facilities, including a swimming pool, spa, gymnasium, mini library and singing lounge.
The land is situated right next to the land area that Paragon Globe has been accumulating over the past few months.
The LRT system is part of the Penang Transport Master Plan (PTMP), which includes an integrated network of transportation solutions.
Property developer Ecofirst Consolidated Bhd (KL:ECOFIRS) said on Monday its net profit for the fourth quarter more than doubled from a year earlier thanks to higher sales conversion rate for the KL-48 project.
Ranjan Chandran, a consultant at Messrs Hakem Arabi & Associates: “The ruling on limitation from the date of execution of the SPA does not seem fair to homebuyers [if a] housing development project had not taken off after the SPA is signed and if there [is] a breach that can be ascertained when vacant possession is only been given.
The company expects the contract to contribute positively to its earnings for the financial year ending Dec 31, 2024 and until the contract expires.
Senior lawyer Leonard Yeoh said that the decision ensures that nobody takes advantage of the law to the detriment of another.
What now for homebuyers? Homebuyers can be rest assured that their right to claim for damages for late delivery of vacant possession remains unchanged.