Commercial news in Bandar Sri Sendayan
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Country Heights unit's Kajang commercial property up for RM55mil auction
A subsidiary of Country Heights Holdings Bhd, Country Heights Commercial Development Sdn Bhd, faces a judicial auction of a 2.60-hectare commercial property in Kajang, Selangor, with a reserve price of RM55 million. The property was pledged as collateral for an S$11.5 million loan from CGS International Capital Singapore, and the auction is scheduled for Sept 21, 2026, after a previous attempt at RM69.85 million failed.
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Federal Court refuses developer leave to appeal Cyberjaya bungalow project ruling
The Federal Court in Putrajaya has refused Lakefront Residence Sdn Bhd and Timeless Hectares Sdn Bhd leave to appeal a Court of Appeal decision that halted a commercial project near 28 luxury bungalows and villas in Cyberjaya. The April ruling found the developer breached sale and purchase agreements by converting residential units to commercial use, and the applicants were ordered to pay RM50,000 in costs.