ECRL poised to enhance ECER’s connectivity and logistics efficiency, says COO
Ragu said ECER also offers cost effective-land options.
Ragu said ECER also offers cost effective-land options.
The land is situated right next to the land area that Paragon Globe has been accumulating over the past few months.
The acquisition will be instrumental in meeting the rising demand for data centre services in Malaysia and the broader Southeast Asia region, Equinix said in a statement.
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.
REHDA Malaysia president Datuk Ho Hon Sang: “We would also like to reiterate that we are not in favour of unnecessary extension of time unless for very valid reasons, developers must honour the terms in the contracted sales to deliver within the time allowed by the law.
Federal Court judge Datuk Seri Hasnah Mohammed Hashim said said homebuyers cannot rely on the Ang Ming Lee decision as a "carte blanche" in order to make financial gain against developers who had obtained EOT prior to that landmark decision.
Findings from EPIQ showed that Putra Heights is encased by areas of dedicated parkland and large clusters of green lungs which are tightly packed together, including the brand new 7.