AmanahRaya REIT, Urban Collection ink 15-year lease for former Holiday Villa Alor Setar
The 21-storey property has remained vacant since 2018, marking the revival of a key hospitality asset in Kedah.
The 21-storey property has remained vacant since 2018, marking the revival of a key hospitality asset in Kedah.
Alam Impian, Selangor terrace house sold for RM880k | DONE DEAL Noora @ Desa ParkCity, Kuala Lumpur condo unit sold for RM730k | DONE DEAL Elmina Business Park, Selangor factory rented for RM36k | DONE DEAL The average transacted price for Serai Bukit Bandaraya condominium in Kuala Lumpur was RM1,674 psf, based on EdgeProp’s data for the past 48 months.
The average transaction price for Serai Bukit Bandaraya was RM1,644 psf, based on EdgeProp’s data for the past 48 months.
The initiative will consolidate the approval process across key areas such as development planning, building certifications and operational licensing to provide a seamless and time-bound investment experience.
Upon completion, the property will be leased back to the seller, Alpha Express, under a 10-year triple net lease at RM195,000 per month, subject to rent reversion for each renewal term.
Kelana Square Petaling Jaya office sold for RM1.
“Mohd Iskandar brings extensive expertise in corporate strategy, risk management, financial planning and property investment management across multiple sectors.
The purchaser, 4X Software Sdn Bhd, was unable to fulfill the stipulated condition precedent within the agreed timeline, which ended on Dec 26, 2024, according to AmanahRaya Kenedix REIT Manager Sdn Bhd, the REIT’s manager.
Mohd Iskandar Dzulkarnain Ramli is currently the group chief corporate services officer of AmanahRaya Bhd, a role he assumed since May 2023.
DONE DEAL: Bungalow, Country Heights, Kajang, Selangor DONE DEAL: Serviced residence, Damai 33, Jalan Damai, Kuala Lumpur Median transacted prices for Serai Bukit Bandaraya were up to eight times higher than the rest of Kuala Lumpur, based on the most recent data from December 2023.