Property & Real Estate news in Menara Kbs
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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.
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MYDIN to open first hypermarket at KITA @ Cybersouth township in Dengkil
LBS Bina Group has signed a lease agreement with MYDIN to open the first hypermarket at its KITA @ Cybersouth development in Dengkil. The new MYDIN store will be built on a 1.37-acre site with a floor area of 24,000 square feet as part of the KITA Avenue Square commercial component. The township currently has about 30,000 residents, a number expected to grow to 70,000.