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“The new programme looks just like a copy-paste of MM2H and I do not see how it can be attractive for ‘investors’.

Nizran was once a private secretary to the Perak chief minister, executive director of Epiweb Sdn Bhd, assistant manager of corporate finance at AmInvestment Bank Bhd, and internal audit executive with Park May Bhd.

The developer should not arbitrarily impose an exorbitant administrative fee and benefit itself for its own neglect in applying for the strata title.

RainTreeRain is part of JKG Land’s flagship mixed commercial development The ERA @ Duta North in the Klang Valley.

Rapidly rising interest rates are also expected to drive further falls going forward.

The group attributed the lower revenue to fewer construction activities caused by slower lead time for the supply of building materials.

MRCB added that the strong set of earnings was further boosted by the construction progress of the Light Rail Transit 3 (LRT3) project, despite shortages in labour and key building materials.

Its group chief executive officer Jeffrey Chew Sun Teong said that although the lingering economic uncertainties due to higher interest rate and inflation have dented buyer sentiment in general, new property launches planned for the rest of the year extend the group a stronger earnings prospect.

The JV will construct the warehouse according to the tenants’ specifications.

A townhouse is a unique type of property that has two self-contained, individual homes stacked upon each other.