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DONE DEAL: Residential land, Damansara Heights, Kuala Lumpur DONE DEAL: Condo unit, Verticas Residensi, Bukit Bintang, Kuala Lumpur Up to 28.

He also stated that the company had an average take-up rate of about 96% for its completed projects, indicating favourable responses for its products.

AZRB said the latest project will support the group’s ongoing strategic plans, continued growth and success over the next three years.

Allowing a summary judgement means that the court allows a party’s application to have a judgement against another without going for a full trial.

The developers’ respective master-planned townships were recognised for their design excellence.

The development features 1,000 units spread across three 26-storey blocks and one 27-storey block, with built-ups ranging from 900 sq ft to 1,959 sq ft.

Seven floors of the property, totalling 35,904 square feet, are rented to Commerce Dot Com Sdn Bhd while the remaining floor, encompassing 4,471 square feet, serves as an office for Awantec and its units.

The land, owned by Compugates’ 70%-owned subsidiary Compugates Development and Mining Sdn Bhd (CDMSB), has a market value of RM134.

The energy and construction outfit said it sees the purchase as a strategic opportunity for long-term value creation and growth, citing the increasing scarcity of sizeable and well-positioned commercial land in the city.

Lebtech said it anticipates the contract to positively impact the group’s earnings and net assets for the financial year ending Dec 31, 2025.