Bina Puri said there will be no suspension of trading of its shares on Tuesday (Nov 8), after the group submitted its annual report for FY22 to Bursa Malaysia Securities on Monday.
“The developer hereby guarantees that the landowner’s entitlement shall be equivalent in value to the minimum sum of RM210 million only.
“We will not raise or change the maintenance cost, but we are proposing for the government to take over the management and carry out the maintenance for low-cost flats with no managements.
“Strata-based developments are becoming more common in urban or semi-urban areas such as Kuala Selangor.
“The land has an upside potential in terms of capital appreciation as it is strategically located in the Kulim area and is only 3km away from KHTP, a mega international industrial scheme that is expanding rapidly.
The Edge Malaysia-PEPS Value Creation Excellence Award recognises the property with market value that has appreciated the most during the period judged.
Altora has recorded an 85% take-up rate following its launch on Oct 15.
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According to a Bloomberg report, purchases “may more than double”.
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“We asked Rehda why many developers were not building affordable housing to meet demand and were informed that there were many factors beyond their control, such as the rising cost of building materials,” Selangor housing, urban wellbeing and entrepreneur development committee chairman Rodziah Ismail.
According to economists and fund managers, although BNM may not be emulating the hawkish stance the US Federal Reserve took by raising policy rates by a big quantum of 75 basis point to battle inflation, the central bank may have a much more calculated approach.
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