Article 89(3) of the Federal Constitution requires the state authority, when land ceases to be a Malay reservation, to immediately declare as Malay reserve other land of a similar character and not exceeding the area of the affected land.
Sunway Puchong became the purchaser after assuming Sunway Kiara Sdn Bhd’s rights, obligations and liabilities under the two sale and purchase agreements through a deed of novation dated April 1, 2026.
Maybulk said its wholly owned subsidiary MB Integrated Logistics Sdn Bhd had entered into a sale and purchase agreement with Cross Protection (M) Sdn Bhd for the property.
Tera is a data-centre platform developer and part of a Singapore-headquartered digital infrastructure platform with operations in Malaysia, Thailand and Indonesia.
Chin Hin Property said RM110.7 million of the settlement amount had been paid to Fiamma to date.
Edusentral comprises six residential towers, lifestyle-office small-office (LoSo) and retail components, as well as the Peninsula International School Australia (PISA).
The disposal comes with a separate arrangement for the recovery of RM14.14 million owed by TWPS to Tien Wah for renovation and fit-out costs incurred for the banquet business.
Under the SPA, the disposal is to be completed on or before three months from the date all conditions precedent are fulfilled or waived. The SPA provides for a further one-month extension.
Pekat said estimated aggregate lease rental over the initial 24-year term is RM54.5 million, assuming the lease commences and based on the estimated acreage and rental escalation under the agreement.
The property developer said the park, alongside the township’s 63-acre man-made lake and musical fountain, is intended to support recreation, wellness and community engagement.
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