Sunsuria partners Kwasa Land to launch new residential development in Kwasa Damansara
The upcoming development will feature 520 residential units, with an estimated gross sales value of RM492 million.
The upcoming development will feature 520 residential units, with an estimated gross sales value of RM492 million.
The company said the sale will not affect its ongoing project on the remaining land, which includes the development of eight factory buildings and a worker dormitory.
In a separate filing, Chin Hin stated the revocation and said the land would be sold to a new third-party buyer instead.
Cheng Kiat, 77, established Bina Puri in 1975 and has served on its board since Nov 5, 1990.
In a statement, the ministry also said that the building will be temporarily closed starting Thursday “in the interest of visitor safety and comfort, and to provide space for the new management to carry out maintenance and improvement works”.
The sale of the property to an investment firm, Airique Property Sdn Bhd, is expected to be completed by the third quarter of 2025, with an estimated net pro forma gain of RM4.
SkyWorld is buying the land, which could fit about 10 Olympic-sized swimming pools, from M S Tan Corporation Sdn Bhd, a wholly-owned subsidiary of MS Tan Holdings Sdn Bhd.
The event launched the PropNex Malaysia Xpo 2025 series, offering homebuyers and investors a platform for deals, insights, and informed decisions.
The projects involve two serviced apartment blocks, which are a 43-storey tower with 848 units (Plot 1) and a 41-storey tower with 735 units (Plot 2).
The contract involves the construction of residential units across two phases.