UEM Sunrise to acquire 50% stake in JCSB for RM214.88m
JCSB is the legal owner of 10 parcels of land measuring 608.63 acres (246.3ha) located in Serendah, Selangor.
JCSB is the legal owner of 10 parcels of land measuring 608.63 acres (246.3ha) located in Serendah, Selangor.
The projects that gained the most in capital value are well-located. Residents at Pelangi Damansara (16.9% y-o-y) and Surian Condominium (13.4% y-o-y) will soon be able to walk to the Mutiara Damansara MRT Station, while residents at 1 Bukit Utama (16% y-o-y) will soon benefit from both the 1 Utama LRT and MRT interchange.
Naza TTDI will work on a 12.7-acre residential development that will comprise 278 residential units in Kwasa Damansara.
The management of Alam Prima condominiums in Shah Alam, Selangor, says it is not against foreigners living there, despite it displaying banner over its main entrance clearly stating that foreigners are not welcome.
Kampung Baru has long been coveted by developers for its high-value land and strategic location.
Hong Leong Investment Bank Bhd said in its reports today the joint venture (JV) would enable WCT to reduce its net gearing from 77% to 68%.
The partnership will be effected via their investments into the joint venture company (JVco), PanaHome MKH Malaysia Sdn Bhd, which will be established by the end of December.
Proposed Bayan Lepas alignment part of first phase of Transport Master Plan
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UEM Sunrise and WCT had today signed a conditional subscription and shareholders agreement, under which UEM Sunrise proposed to buy a 50% stake in the expanded share capital of Jubiliant Courtyard Sdn Bhd (JCSB) for RM214.88 million.