This latest partnership builds on the initial agreement signed in May 2024 and together, these agreements increase the total planned power capacity to 300MW.
They include Rumah Idaman and Rumah Selangorku Harapan while the exemption does not apply to open market and other sub-sector projects.
The construction of the terraced houses is expected to be completed within three years, while the substations are projected to be finished within six months after receiving the architect’s instructions, the company said.
Following the termination, Sinmah Capital said it shall receive a settlement sum of RM12.
Adjacent to Residensi Suria Madani is M Aspira.
"We hope the government will implement additional measures to support first-time homebuyers, streamline the home-buying process and accelerate the recovery of the property industry.
Prior to joining UEM, Datuk Mohd Izani Ghani was the executive director of the investment division at Khazanah and the chief financial officer of Khazanah.
The price of the house depends on the type of unit you are looking for.
Among other public-listed companies that have announced their own data centre ventures include YTL Power International Bhd (KL: YTLPOWR) and Sime Darby Property Bhd (KL:SIMEPROP).
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