PDC management instructed to conduct study on land sale, development
Chief Minister Chow Kon Yeow: PDC has several methods of selling land, whether via an open tender, request for proposal, or direct negotiations.
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.
PDC calls off collaboration agreement with Umech Land to develop Batu Kawan Industrial Park 2
It is important to note that Sunway had only emerged as a majority shareholder in Umech Land two days prior to the announcement of the agreement, by injecting RM23.
Selangor Dredging wins six awards at The EdgeProp Singapore Property Excellence Awards 2023
The Malaysia boutique developer’s One Draycott bagged five awards and its Jui Residences received one.
Bina Puri’s unit gets winding-up petition
Due to a default payment amounting to RM198,116.
Suspend BKIP2 land sale to Sunway-Umech indefinitely — P Ramasamy
"It should investigate the land sale at RM26.
‘Penang CM Chow’s statement is misleading; we did not approve the land deal with Umech’ — Ramasamy and Lee Kah Choon
"The said meeting decided that Umech was to carry out a market survey to study the composition of land usage, [for] proof of Umech’s financial sustainability to be evaluated, and other related matters.
Aspen clarifies decade-old land buy from PDC ‘fundamentally different’ from Umech's BKIP2 deal
In a statement, Aspen's president and group chief executive officer Datuk M Murly stressed the fundamental differences between the direct negotiation in 2013 and the recent land sale in BKIP2, asserting that a comparison between the two is illogical and unreasonable.
Sunway says no valuation carried out by independent registered valuer on RM646 mil Batu Kawan land deal
While there was no valuation made by independent registered valuer, Sunway said that based on market available information to them, the market price for undeveloped freehold industrial land in the Batu Kawan area ranged between RM21 and RM35 per square feet.
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.
