Ireka partners property developer for RM310m GDV mixed development
The project is to be developed on a 16,517 m2 freehold vacant land in Bandar Kajang, which is owned by Regal Variety.
The project is to be developed on a 16,517 m2 freehold vacant land in Bandar Kajang, which is owned by Regal Variety.
In a bourse filing, the group said its 60%-owned subsidiary LFE Development Sdn Bhd (LDSB) inked the joint venture agreement (JVA) with the owner of the land, Aziho Trading Sdn Bhd (ATSB), for the development of the project known as Taman Residensi Mesra Phase Four.
The development will span over 100 acres of leasehold land and be developed in five phases over seven years.
Azli Adam, 58, said the conversation took place at the Malaysian Anti-Corruption Commission (MACC) headquarters in Putrajaya in January 2018, in the interrogation room.
The project will feature a 40-storey apartment building with 422 units, a multi-story carpark, two TNB substations, a multipurpose hall, a guardhouse, a management office, a kindergarten, a mortuary management room and an open area.
In total, 118 private housing projects previously deemed delayed or sick have been recuperated and received certificates of completion and compliance.
As of end-March, he said the ministry had identified a total of 657 problematic housing projects, of which 435 were categorised as “sick” projects, 112 were abandoned projects, and 110 were delayed projects.
Tanco’s wholly owned subsidiary Tanco Builders Sdn Bhd (TBSB) will undertake the construction and completion of subgrade works from C2CH34+499.
"If we are not transparent about this, then we may not be able to access the best medication to resolve it.
If they have failed miserably in their gatekeeping role, how can they now be entrusted to revive sick and abandoned projects? KUALA LUMPUR (March 19): When the new Minister of Local Government Development Nga Kor Ming took office, he vowed to “scrutinise every sick and abandoned housing project”.