From time to time, there are reports of homebuyers taking their developers to task for developing some green lung or common open spaces that they deem to be their communal common spaces.
Arika will have 668 units of “various practical layouts available to promote a lively community”, and 26 commercial units.
“The current guidelines proposed by the Penang government in July 2022 pose severe constraints on domestic and international travel to Penang; and will be detrimental to the state’s tourism industry and long-term economic growth.
Judge Datuk Nallini Pathmanathan, who wrote the unanimous decision, ruled Section 22(2A) said the development affecting hill tops or hill slopes are no longer merely an issue of local state governance.
For the full FY2022 ended Dec 31, 2022, Axis REIT logged an NPI of RM245.
At the end of 4QFY2022, the REIT’s portfolio occupancy rate stood at 85.
It declared a distribution per unit (DPU) of 2.
The Sail, with a gross development value (GDV) of RM6.
The group said its wholly owned subsidiary Rexallent Construction Sdn Bhd has accepted the letter of award dated Jan 5 issued by ADM Design & Management Sdn Bhd.
Mah Sing said the land parcels located in Puchong Perdana have a potential gross development value of about RM726 million.
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