indepth

The REAL deal: Total rethink on PR1MA needed

In May this year, Local Government Development (KPKT) Minister Nga Kor Ming assured Malaysians there would be no more PR1MA Corporation Malaysia (PR1MA) sick projects come 2024. This is good news for affected buyers who are still waiting for their dream homes.

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UEM Sunrise: Land deal with Melati Ehsan beneficial as we can monetise asset while keeping control of development rights

UEM Sunrise Bhd, which is selling a 4.01-acre plot in Kiara Bay here to Melati Ehsan Holdings Bhd in a related-party-transaction (RPT), said the deal enables the group to monetise the land at its current market value while allowing it to retain control over the land's development via a development rights agreement (DRA) it has also inked with Melati Ehsan.

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