YNH Property now plans to sell 163 Retail Park to Sunway REIT for RM215m cash
YNH had previously inked an agreement in November 2022 to sell the mall for RM270.
Sunway REIT’s NPI rises 7% to RM137 mil
Looking ahead, the new offerings at Sunway Resort Hotel are expected to widen the REIT’s customer base and increase its market share.
Putrajaya urged to review ‘outdated and arbitrary’ housing affordability rule based on 30% of income
The current rule is also not based on the needs of Malaysian households, Ipsos Malaysia said in a statement.
Sunway says unit has not yet received termination letter from PDC on Batu Kawan Industrial Park 2 project
The termination of the agreement comes with a three months’ notice, PDC said.
Cancel state-owned land sale to Sunway’s Umech Land amid controversy, former Penang deputy chief minister Ramasamy tells PDC
“Once cancellation is done, action should be taken against those individuals whether in PDC or in the state government or outside responsible for this shoddy mess,” said Ramasamy, who is a former board member of PDC.
Suspend BKIP2 land sale to Sunway-Umech indefinitely — P Ramasamy
"It should investigate the land sale at RM26.
Penang CM says Lee Kah Choon replaced as PDC director a day prior to Umech Land exchange deal
Lee has also resigned as the Penang CM's special investment adviser on Oct 2, Chow said, with a one-month notice given.
Penang Chinese Chamber of Commerce questions PDC’s sale of 559-acre land to Umech Construction at ‘below market’ price
The industrial land in BKIP2 was made available on the open market in May for RM80 per square foot, with parcels as small as five acres each.
Sunway ceases to be substantial shareholder of IJM
Sunway said its wholly-owned subsidiary Fortuna Gembira Enterpris Sdn Bhd ceased to be a substantial shareholder of IJM after selling 2.
RHB IB remains upbeat on construction sector, names Gamuda, Sunway Construction and Kerjaya Prospek as top picks
In a sector update on Thursday, the research house said that moving forward, the federal government may now be able to focus its efforts to roll out big-ticket infrastructure projects, in addition to implementing institutional reforms.
