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Semantan Estate, which has gone under voluntary liquidation, is seeking a stay of the appellate court’s June 24 decision, which specified that the High Court is to assess the compensation to be paid by the government over the illegal acquisition of land, based on the 1956 market rate with 6% annual interest until payment.

Developed by Kerjaya Property Sdn Bhd, Vox Residence is a freehold serviced apartment located along Jalan Sentul, Kuala Lumpur.

“Most buyers aren’t even sure what they’re working towards.

Teng said that during earlier times, especially the 1990s, property investors were often looking for profits through flipping.

The improved earnings were mainly driven by the contribution from its seven KIPMalls and its four industrial properties, as well the newly bought D'pulze Shopping Centre and TF Value-Mart.

According to its exchange filing, the 0.

One of the questions is: As the court had ruled the government had taken the land unlawfully and the landowner is entitled to possession of the land, does Article 13 permit the government to keep the land  by the payment of compensation? PUTRAJAYA (July 22): Semantan Estate (1952) Sdn Bhd, the company embroiled in the long-standing ‘Duta enclave’ dispute, has posed 26 questions of law to the Federal Court, as it seeks the court's leave to appeal the Court of Appeal's decision in the case.

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Biswas said Tuesday’s Court of Appeal decision does not follow the 2009 High Court decision that was upheld by the Court of Appeal and Federal Court—namely that the company "retains beneficial ownership of the land".