LBS Bina to buy M3 Mall owner-operator for RM105 mil
Constructed on a 3.2-acre (1.29ha) leasehold land, M3 Mall is part of a larger mixed development project known as Medan Mega Melati, which also includes the M3 Residency.
Constructed on a 3.2-acre (1.29ha) leasehold land, M3 Mall is part of a larger mixed development project known as Medan Mega Melati, which also includes the M3 Residency.
Khalid, aged 60 this year, will take over the chairmanship in the government-owned public transport operator from Tan Sri Ismail Adam, whose term ended on Aug 31.
"The group's prospects remain positive with its property sales stood at RM799 million as at Aug 28, 2017, total unbilled sales of RM1.395 billion as at July 30, 2017, anchored by 18 ongoing projects and remaining landbank of 4,197 acres."
The upcoming property is dubbed Pengerang Northshore Residence, which will include landed residential properties, affordable apartments, shopoffices and community complex as well as other amenities.
Almost all of Magna Prima’s topline in 1HFY17 was derived from its property development division.
Serba Dinamik Sdn Bhd entered into an MoA with Izin Budi Sdn Bhd to develop industrial and commercial projects on a 15.87-acre land parcel in Pengerang.
DASH is a 20.1km three-lane dual carriageway connecting Puncak Perdana in Shah Alam to Damansara Perdana in Petaling Jaya.
The project has a total gross development value (GDV) of RM144.48 million, on the back of gross development cost of RM126.88 million.
It is buying Pavilion Elite Mall from Urusharta (KL) Sdn Bhd, whose ultimate shareholders are Tan Sri Lim Siew Choon and Qatar Holdings LLC — both major stakeholders in PavREIT.