Finance Minister II Johari Abdul Ghani said there was no "U-turn" in cabinet's decision to freeze new high-end property development in Kuala Lumpur.

"All projects that have received approvals can proceed. This freeze is only for new shopping malls, offices and high-rise residential units priced above RM1 million.

"There is no U-turn," Johari told Malaysiakini.

He was responding to several news reports which quoted Works Minister Fadillah Yusof claiming that despite the freeze, there will be some leeway for some high-end projects on a case-by-case basis.

Both the NST and The Edge Markets quoted Fadillah saying that "this is not a blanket stop order"...