News about ev

Sentoria, a builder and developer, has been under scrutiny due to a dispute with its former CEO Datuk Loh Yuen Tuck following allegations of misconduct.

The group intends to develop the property into 63 residential land lots with a projected gross development value of A$150 million.

The property developer said in a statement on Wednesday that Sufian, who was appointed to the post on Feb 2, 2021, had tendered his resignation on Nov 29 to pursue other opportunities.

With a total GDV of RM106 million, Teman shoplots will have a total of 37 units, comprising 20 intermediate units with built-ups of 3,332 sq ft (and priced at RM1.

The newly acquired site, located near Kuala Lumpur City Centre and directly accessible by major highways and the Cempaka LRT Station, represents a promising transit-oriented development opportunity for Radium “with direct appeal to urban residents and businesses seeking accessibility”, stated the company.

Fraser Heights is the latest landed residential phase of the Tropicana Uplands, a sustainable township surrounded by matured residential and commercial properties with an estimated projected population of 140,000.

Of the proceeds, RM12 million will be allocated to support the group’s ongoing property development projects, including River Park (prime serviced apartments in Bangsar South with an estimated gross development value (GDV) of RM1 billion) and Park Green (low-density freehold serviced apartments in Bukit Jalil with a GDV of RM763 million).

“Named M Tiara 3, the township will feature spacious super-linked homes, with indicative home prices starting from RM780,000.

"We estimate that the investment by Google for Phase 2 could be worth RM4 billion to RM5 billion, as the capacity could be around 200MW to 250MW, based on the land size and the value of total rental.

The consortium also proposed a 100% industrial plan rather than having 10% of the site earmarked for mixed use purpose as mandated, citing the site's potential and "evolving demand of investors".