NCT Alliance buys 51% stake in Sabah property developer for RM22m in cash, land swap deal
Back in September, both NCT Alliance and Setara Juara signed a memorandum of understanding for the deal.
Back in September, both NCT Alliance and Setara Juara signed a memorandum of understanding for the deal.
On a back-of-the-envelope calculation, each unit would cost approximately RM256,998.
At the same time, MRCB is buying seven parcels of land in Cyberjaya and Dengkil from Cyberview for RM287.
“This partnership with Heatherwick Studio marks a transformative moment for BRDB and Malaysian architecture.
Forest City has been expanding its road transportation network in collaboration with Causeway Link since 2023, enhancing connectivity between Forest City and the Sultan Abu Bakar Customs, Immigration, and Quarantine Complex (KSAB) at the Second Link.
Food and beverage offerings will include Luckin Coffee, China’s fastest-growing coffee chain, NomNom Food Hall, a digitally integrated dining hub, and Senkyaku Banrai, a Japanese-themed food street.
Setia Alamsari is also set to unveil its next phase — Elysian Bungalows & Semidees.
The purchase price of RM64 psf aligns with an independent valuation of RM66 psf, the group said, adding that it plans to fund the acquisition through internally generated funds and external borrowings.
The property, located less than two minutes from Liverpool Street Station, is set for a £150 million sustainability-focused refurbishment, increasing its gross internal area by 26% to 378,000 sq ft, said IJM.
Amenities such as a children's playground, badminton and futsal courts, yoga lawn, outdoor gym and an orchard garden will be provided at the development.