Sunday 3 February 2013

What's happening to the Matex development?

With the johor government planning to restrict foreigners owning properties in Malaysia, i wonder what's happening to the Matex development in JB. The S&P is supposed to be ready by Jan 13 but now it is already Feb and there's still no news. 

Is there something we should be worried about? Will NS global bear the risk of any additional stamp duty imposed by the johor government for such delays? 

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