Latest news

Handpicked real estate stories, market insights, and property updates selected by our editors.

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.

18 September, 2023
......

Never miss out

Sign up to get breaking news, unique insights, event invites and more from EdgeProp.

Latest publications

Never miss out

Sign up to get breaking news, unique insights, event invites and more from EdgeProp.

CLOSEclear

Malaysia's Most
Loved Property App

The only property app you need. More than 200,000 sale/rent listings and daily property news.

App StoreGoogle Play
Mobile logo