NWP Resources had defaulted on payment of outstanding rentals from October 2021 to February 2022, as well as service charges and default interest totaling RM2.6 million for the premise in Block A, Desa Commercial Centre, on Feb 8. 

These new types of buyers are mostly coming from non-conventional backgrounds such as start-ups and cryptocurrency among others with ages ranging between late 30s to 40s.

This follows its failure to obtain approval from the Economic Planning Unit (EPU) to waive a 30% Bumiputera equity ownership condition prior to transferring ownership of the land.

The sukuk is based on the shariah principle of Musharakah-rated A2 by RAM Ratings, said the Maju Holdings Sdn Bhd-owned highway concessionaire.

The price revision effective Thursday (Feb 17) is due to significant and sustained rising cost of raw and packaging materials and freight charges, CMS said in a statement.  

Speaking during the fourth quarter of 2021 gross domestic product (4Q21 GDP) statistics press conference on Friday (Feb 11), the governor said the central bank had always maintained that the financing model is a key component to support homeownership, with recommendations ready to address the matter.

Under the current act, which is to be read together with the Housing Development (Control and Licensing) Regulations 1989 (HDR 1989), the developer is supposed to conduct the delivery of VP of the completed property to the purchasers with water and electricity supply ‘ready for connection’. 

He said the target coincided with the mission of the Ministry of Housing and Local Government (KPKT), which was actively pursuing its Home Ownership Programme (HOPE) agenda by looking at the housing ecosystem holistically, namely availability, affordability, accessibility, quality, and liveability.

The Prime Minister said this was among decisions taken at the National Affordable Housing Council (MPMMN) meeting which he chaired on Thursday to discuss the direction taken and the coordination and monitoring of affordable housing plans nationwide under the campaign.

At the document exchange ceremony on Thursday (Feb 10), the deputy state secretary of Johor (development) Datuk Mohammed Ridha highlighted the importance of close collaboration between the Johor government and private sector in realising the agenda of Johor state: “I am very pleased with Iskandar Investment Bhd (IIB)’s effort to understand the aspiration of (the) Johor government and embarking in an inclusive and sustainable project such as the MIH in Wawari, Iskandar Puteri.