Belleview Group's GEM Residences in Seberang Perai tops out with 60% sold
GEM Residences also consists of 15 commercial units on the ground floor which are to be leased out.
GEM Residences also consists of 15 commercial units on the ground floor which are to be leased out.
"We have given the commitment to signing the supplementary concession agreement, so that they can plan to invest in their assets.
Loke said the supplementary concession agreement is seen as a win-win situation between ERL and users, where the best service can be provided by ERL without burdening the operation in terms of costs.
Of the RM100 million contract value, RM92 million is the contract price while the remaining RM8 million is the optional items price.
UDA chief executive officer Datuk Mohd Salem Kailany said UDA will continue to focus on real estate development and national asset management, and at the same time is committed to playing its role as an agency under the Ministry of Entrepreneur Development and Cooperatives (Kuskop).
The plots are also contiguous to two other parcels that Eupe bought in 2022 from SNTDSB for a total of RM55.
"The board is not aware of any possible explanation to account for the trading activity,” Tanco said in a reply to the unusual market activity query issued by Bursa Securities following the steep decline in its share price.
The development land was acquired by Magna Prima's wholly-owned subsidiary Twinicon (M) Sdn Bhd from Lai Meng Girls School Association in 2014 for RM148.
This is based on IJM's 60% share in the project amounting to RM106 million that its subsidiary IJM Construction Sdn Bhd (IJMC) is undertaking with Pestech International Bhd's unit Pestech Technology Sdn Bhd, which has the remaining 40% share.
“We wanted our new facility to be more flexible, health-conscious, and appealing for our team,” said IQI group CEO Kashif Ansari.