Taghill to dispose of two shopoffice buildings in Puchong for RM4.6m
The proposed disposal is expected to generate a gain of approximately RM554,000 for the construction firm, which will be recognised as part of its financial results.
The proposed disposal is expected to generate a gain of approximately RM554,000 for the construction firm, which will be recognised as part of its financial results.
“As a result of the blacklisting, these developers will be ineligible to apply for new licences until they have settled their outstanding fines.
CIMB Securities said in its note that the domestic focus on the sector makes it relatively attractive to foreign investors.
The properties, located on levels five and six of Ho Hup Tower in Plaza Bukit Jalil, are being sold to Premium Realty Sdn Bhd and Sensecube Sdn Bhd respectively, both of which are wholly owned units of Insas.
The property, which has a land area of 179,369 sq ft with a net lettable area of 67,506 sq ft, is located at the Senawang Industrial Park.
“The principles of land valuation, compensation calculations, and the legal framework governing land acquisition must be reviewed to reflect current market trends,” said Prof Dr Ismail Omar in the forum.
Following this latest project win, Bintai Kinden’s unbilled order book has increased to RM132.
Constructed and designed by Singaporean developer Meir Homes, the now-completed 2-storey GCB has an approximate floor area of 29,665 sq ft, with a 25m swimming pool and an 18-seat theatre, amongst other features.
The group made a net profit of RM25.
MBSB Bank filed the summons to obtain an order for sale via public auction, citing the failure of KNM Process Systems to settle the outstanding amount of RM116.