Chin Hin enters JV with Fiamma for RM1.03 bil KLCC 2 project
KLCC 2 Residence will comprise 924 serviced apartment units, five retail spaces, a three-storey facility podium, mechanical floors, and a car park block.
KLCC 2 Residence will comprise 924 serviced apartment units, five retail spaces, a three-storey facility podium, mechanical floors, and a car park block.
Datuk Eddie Ong Choo Meng sold the stake, comprising 16.
Under an agreeement signed on Thursday, Widad will acquire the 10.
Some prospective investors have made multiple visits and are exploring setting up integrated operations through the recently established Iskandar Malaysia Facilitation Centre, according to the Iskandar Regional Development Authority (IRDA).
In a separate filing, Chin Hin stated the revocation and said the land would be sold to a new third-party buyer instead.
Cheng Kiat, 77, established Bina Puri in 1975 and has served on its board since Nov 5, 1990.
In a statement, the ministry also said that the building will be temporarily closed starting Thursday “in the interest of visitor safety and comfort, and to provide space for the new management to carry out maintenance and improvement works”.
The sale of the property to an investment firm, Airique Property Sdn Bhd, is expected to be completed by the third quarter of 2025, with an estimated net pro forma gain of RM4.
The event launched the PropNex Malaysia Xpo 2025 series, offering homebuyers and investors a platform for deals, insights, and informed decisions.
The projects involve two serviced apartment blocks, which are a 43-storey tower with 848 units (Plot 1) and a 41-storey tower with 735 units (Plot 2).