Gadang fails in appeal to EPU for Bumi equity waiver to buy Kwasa Damansara land
With the SPA terminated, the parties will now revert to the development rights agreement inked, it said.
With the SPA terminated, the parties will now revert to the development rights agreement inked, it said.
The builder-cum-property developer said the EPU had on Monday rejected its proposed acquisition as it did not meet the 30% Bumiputera equity ownership requirement.
DONE DEAL: Semidee house, Bandar Sungai Long, Selangor DONE DEAL: Bungalow, Taman Midah, Kuala Lumpur Damansara Heights remains one of the most sought after addresses in the Greater KL area.
Under the revised contract, SIBS is required to deliver 632 residential units in Sering district within a 36-month period, followed by a 24-month defect liability period upon issuance of a certificate of completion and compliance for each section.
The Mate is a mixed-development project made up of three components, which are residential, co-living and co-working spaces.
It said both parties have mutually agreed to terminate the contract, resulting in an unconditional release and indefinite discharge of all claims, liens, and obligations related to the project works.
In conjunction with the International Women’s Day, EdgeProp follows five women on their property buying navigations, exploring their thoughts, insights and feelings before they sign on the dotted lines.
Currently, buses only accept Touch 'n Go cards as a payment method, whereas rail stations offer alternatives like tokens.