Transaction news in Taman Pekan Baru Sungai Petani Kedah
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Court of Appeal upholds RM920,508 award against Penang condo developer over defects
The Court of Appeal in Putrajaya dismissed Melariang Sdn Bhd's appeal against a High Court order to pay RM920,508 over defects at The Cantonment condominium in Jalan Cantonment, George Town. The defects included 101 missing fire doors, a wet riser room, pool leakage and car park water ponding. The developer must also pay RM50,000 in appeal costs.
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PDC opens proposals for 15.8-acre Batu Kawan commercial land at RM75 psf
Penang Development Corporation is inviting companies to bid for about 15.81 acres of commercial development land along Jalan Batu Kawan in Seberang Perai Selatan, Penang. The 688,527 sq ft site carries a reserve price of RM75 psf, implying a minimum value of about RM51.64 million. Proposals must state the purchase price, payment method and development plans, with PDC retaining sole discretion over evaluation.