First phase of IJM Land’s Nexus in Seremban 2 township 80% taken up
Phase one will consist of 166 shops, with 147 units being two-storey shop offices and the remaining 19 units shop office units with sub-basement car parks.
Phase one will consist of 166 shops, with 147 units being two-storey shop offices and the remaining 19 units shop office units with sub-basement car parks.
Sales achievement of RM2.
The company said it is expected to complete phase 1, consisting of 500 units of 33-storey serviced apartment — 38 months from the date of commencement and complete Phase 2, consisting 499 units of 33-storey serviced apartment, in 33 months.
When Mah Sing first announced it was buying the plots in January, it was going to pay RM40.
The group has been actively looking into investing in Perth for some time due to the city’s strong fundamentals underpinning the economy, a lower housing entry point and some of the best prospects for capital gains in Australia.
"The group has expressed interest in exploring global assets to add to its portfolio, but would prioritise improving the efficiency of its local operations first.
"These office assets continued to anchor the group’s stable performance, recording an increase in revenue and PBT of RM145.
Sunway through its wholly-owned unit Sunway City Sdn Bhd (SunCity) is buying over the stake from IASB, which is a wholly owned unit of Iskandar Investment Bhd — which is in turn 60% held by Khazanah Nasional Bhd — for RM770,450.
Sarawak tourism, creative industry and performing arts minister Abdul Karim Rahman said this is “probably because our conditions are more attractive [compared to the national MM2H]”.
In a note on Monday, RHB Research said that the federal government will likely be in a stronger position to focus on rolling out programmes and implementing its reform agenda, which could lead to government jobs picking up pace in the coming months.