Page 16 - Development Sdn Bhd News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Last week, KAJ Development Sdn Bhd — the private company looking to develop the multi-billion ringgit Melaka Gateway coastal reclamation project — failed to get the court to review the state government’s decision to cancel the development. KAJ was denied leave, as it was ruled that there was no public law element in the state’s decision. As such, its judicial review application was dismissed. KAJ is understood to have filed an appeal. The dispute arose after the state government late last year terminated its three-year concession for land reclamation of islands that would form the fou...

MELAKA (Feb 17): The developer of the multi-billion ringgit Melaka Gateway coastal reclamation project had yesterday failed to have the court review the state government's decision to cancel the reclamation project that it had undertaken for three years. The decision was made by Justice Anselm Charles Fernandis, who denied leave to the developer KAJ Development Sdn Bhd and ruled that there is no public law element involved in the state's decision and dismissed the judicial review application, according to the developer’s counsel and the state’s legal advisor. Senior lawyer Datuk Loh Siew ...

PETALING JAYA (Feb 1): Sunway Bhd (Sunway) wholly-owned subsidiary Sunway Kinrara Sdn Bhd has signed a sale and purchase agreement (SPA) to acquire a 3.34-acre parcel of prime freehold land from CTM Development Sdn Bhd in Taman Mutiara, Kuala Lumpur at a purchase consideration of RM42 million. Sunway plans to develop exclusive homes to fit the new norm and lifestyle. The residential development on the land will comprise town houses and condominiums. It is expected to be ready for launch by the first half of 2022 (1H22) with a tentative completion date in 2026 to contribute to Sunway’s ea...

KUALA LUMPUR (Jan 14): See Hup Consolidated Bhd is selling nine plots of land in Penang measuring 853,863 sq ft in total for RM46.96 million cash to Tek Seng Holdings Bhd and a vehicle controlled by the latter’s executive chairman and managing director. In a bourse filing, See Hup said the proposed disposal is expected to generate a pro forma gain of RM28.05 million. The market value of the property is RM45.20 million, as appraised by C H Williams. The transportation and logistics company announced that its wholly-owned subsidiary Limsa Ekuiti Sdn Bhd had entered into a conditional sale and...

14 Jan 2021 / 23:37 H. PETALING JAYA: See Hup Consolidated Bhd has entered into a conditional sale and purchase agreement for the disposal of a parcel of land in Seberang Perai Tengah, Penang, to Wangsaga Industries Sdn Bhd and Tek Seng Properties & Development Sdn Bhd for a cash consideration of RM46.96 million, via its wholly owned subsidiary Limsa Ekuiti Sdn Bhd. According to the group’s Bursa filing, the price of the land parcel was determined based on “a willing-buyer and willing-seller basis” and translates to RM55 per sq ft, and an estimated 3.9% premium over the RM45.2 million ...