Since Sinchew Daily already broke the news today, I guess it's official.
The local daily reported that a China-based developer through a Singaporean company, wants to buy over the land to build a luxury condominium and shopping mall.
A meeting was held with the residents of Kim Teng Park, Johor Bahru, and a draft of the contract will be handed over to the residents on January 25. After that, residents will have three weeks to decide whether they accept the offer.
Residents were tight-lipped about the offer, when they were contacted before the meeting. The developer was believed to have told the residents not to talk to the Press about it, or the deal would be off.
Kim Teng Park was in the news last year over land acquisition matters.
Policy Makers Decision Makers