The 52-year-old Tan has over 26 years of international experience in the property development and construction industries, having held leadership positions at other property companies.

Avillion incurred net losses of RM5.4 million at the group level and RM4.84 million at the company level in FY2023, although the group’s hospitality, property, and travel divisions have recovered after the Covid-19 pandemic.

The land is next to the Bayan Lepas WaterFront development site.

Yeo, 52, holds a 2.79% stake, comprising 16.08 million shares, in Advancecon. 

Also contributing to the higher income and fair value gain on its properties of RM66.69 million, quarterly revenue was 10.47% higher to RM117.56 million from RM106.42 million last year.

The self-sustaining townships of both landed and vertical homes are supported by bustling retail, education, medical and leisure activities. ParkCity is all about creating spaces that bring together the most important parts of life – Family, Neighbourhood, Community, Connectivity and Convenience.

In the past 15 years, ParkCity’s innovative ideas, extraordinary vision and impeccable quality have been recognised with a number of awards and accolades.

Sime Darby Property Bhd saw its counter close at its highest since March 2022, and was actively traded on Monday (July 31).

The counsel for four Petaling Jaya residents who filed a judicial review action against the Selangor and federal governments over the Petaling Jaya Dispersal Link (PJD Link) project said they will adopt a wait-and see approach before considering withdrawing their legal action.

The Selangor state government has rejected the application for the Petaling Jaya Dispersal Link (PJD Link) project, said its caretaker Menteri Besar Datuk Seri Amirudin Shari.