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PETALING JAYA: A lower valuation than the market price, weaknesses in contract management, and “outrageous” interference for political interests are among the reasons the Defence Ministry lost more than RM500mil from several land swap deals.
KUALA LUMPUR: Bank Negara Malaysia (BNM) is drilling down on details of how the central bank entered into a controversial RM2bil purchase of a piece of land from the federal government in January this year.
Gamuda Land celebrated a double success last week with the win of a Singapore land bid by a mere margin of S$899, the lowest bid margin for Executive Condos in recent history. This came hot on the heels of 100% sales success ahead of completion for its first Singaporean development, Gem Residences.
PETALING JAYA: In a landmark decision, the Court of Appeal ruled that the forced acquisition of 10.5ha of private land by the Selangor state government and five state authorities, including the Selangor Islamic Religious Department (Jais), was unlawful and tainted with bad faith.
THE state government will not amend the Land Code to recognise “pemakai menoa” and “pulau galau” as native customary rights (NCR) land.