Johor Condo Developer Ordered To Pay RM10 Million In Compensation To Owners
A Johor Bahru developer must pay RM10.56 million to owners of 84 Princess Cove condo units. The Johor Bahru High Court ruled in favour of the owners. The owners, including Singaporeans, claimed compensation due to project delays.
What it means for buyers, tenants and investorsBuyers of Princess Cove units can check the status of their compensation following the court's ruling against R&F Development Sdn.
What it means for Japanese buyers
R&F Development Sdn must pay RM10.56 million to 84 Princess Cove condo unit owners.
Japanese buyers of Princess Cove units can check their compensation status.
Buyers should note that foreigners, including Japanese, can buy most Malaysian properties but need state consent and meet minimum purchase prices, such as in Kuala Lumpur where it is RM1 million.
Written by AI from the original headline and summary and from published rules. Check figures and conditions with the original report and official sources. This is not investment advice.
Key facts
| Areas | Johor |
|---|---|
| Section | Property market |
| Date | |
| Source | Business Today ↗ |
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