Property developer YNH Property Bhd said it has received offers to buy its Mont'Kiara retail shopping mall, which sits on a six-acre land, and is expected to finalise the selection of the buyer in a month.

Rapid Synergy Bhd, which came into the spotlight in recent days amid a sharp fall in its share price, has given more details of the freehold land in Sri Hartamas that it is diposing of for RM39 million.

The event gathered stakeholders from more than 40 organisations, including those from government agencies, property developers, associations as well as financial institutions.

The group detailed that the first tranche of Islamic debt papers is secured and has a five-year tenure, maturing on Jan 23, 2029.

With a gross development value of RM600 million, GEM Residences sits on a 5.34-acre freehold land and consists of 978 units spread across four 38-storey towers. 

Loke also said signing the concession agreement early gives certainty to the private-sector operator to further invest in the infrastructure. 

Voon, 66, will replace Datuk Ho Hon Sang, who has been at the helm since 2016 and cited retirement as the reason for his resignation.

The 17.2-acre Elmina Lakeside Mall, which is the City of Elmina’s first mall, will have a gross floor area of approximately 400,000 sq ft and 712 car parks.

Under the new agreement, the government will stop paying ERL fees or charges from the collection of passenger service charges (PSCs) starting from 2029.

The research house maintained its “buy” call on Sime Darby Property and raised its target price by 29.63% to RM1.05, based on a 50% discount to the estimated revised net asset value of RM2.10.