News by Bernama

"Nov 27 has been set for the hearing to determine whether Bina Puri will be wound up or if there will be a settlement between both parties."

He said the first phase of the high-impact project, which began in September, is expected to create more than 5,000 jobs across technical, service, logistics, marketing and management fields.

For this year alone, 325 sick and delayed housing projects involving 36,922 units with a GDV of RM28.85 billion had been revived.

Loke said the Terengganu segment is among the fastest to be completed as land issues were resolved earlier, coupled with its flat geographical terrain, which posed fewer construction challenges.

The initiative is part of ongoing efforts to address congestion and improve the commuting experience for over one million daily users of Klang Valley’s rail network.

He stressed that Malaysia’s land management requires a new, forward-looking approach, which emphasises cooperation between the federal and state governments to ensure land, as a national asset, is managed strategically, efficiently, and inclusively.

The approved KPKT Bills are the Solid Waste Management and Public Cleansing (Amendment) Bill 2025, the Street, Drainage and Building (Amendment) Bill 2025, and the Local Government (Amendment) Bill 2025.

Transactions such as sale and purchase, transfer of rights, transfer of ownership and assignment of property, must be reported through the MyTax portal.

Loke said the project is now in its final phase, with track infrastructure fully completed.

The fund was increased by RM10 billion this year, bringing the overall allocation to RM30 billion.