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"We are in a rather funny situation. Our roads are located on the jurisdictional borders between City Hall and MPKj, and this causes some things to be overlooked, such as the potholes here," says resident Chong Kok Choy.

Genting Malaysia explained that the additional hefty investment is to expand the scale and to add new facilities, to offer an extensive and wide array of new entertainment options to visitors from across the region.

Despite the high price tags, the concentration of the market in RM401–RM800 psf range suggests that units offered in the area are generally large, and thus oriented towards affluent families.

Spanning 117 acres, the 10-year project will be developed in 11 phases whose total GDV is RM5.4 billion and is expected to generate a profit margin of 20%, said Yong Tai executive director Boo Kuang Loon.

Spanning close to 60 acres, Gurney Wharf will be created on land to be reclaimed by Tanjung Pinang Development Sdn Bhd, a subsidiary of property developer Eastern & Oriental Bhd.

“These Chinese villages should embark on homestay businesses as tourists from China have expressed their keenness to experience the local Chinese lifestyle and culture,” said Tourism and Culture Minister Datuk Seri Nazri Aziz.

Seven of eight buildings on the site were reportedly demolished – including the former home of Sir Thomas Stamford Raffles, the founder of Singapore – on the second day of Chinese New Year two weeks ago. Only the three-storey Runnymede Hotel building remains.

MRCB on Oct 6, 2015 completed the disposal of the stake in Nu Sentral to Pelaburan Hartanah Bhd for RM119.78 million cash, which generated a gain of RM70 million.

Units in Mont’Kiara are among the most expensive in the country. In the review period, 25.7% of secondary transactions fell into the RM1,00,001– RM1,500,000 range

Bukit Lanjan assemblyman Elizabeth Wong said the meeting would include the Malaysian Highways Authority (LLM), Projek Lintasan Kota Holdings Sdn Bhd (Prolintas), and affected residents and associations.