Luxchem invests in five leasehold plots in Klang for RM45.6m
The five plots, measuring a total 40,340 sqm, come with a nine-year tenancy agreement that generates annual rental income of RM2.
The five plots, measuring a total 40,340 sqm, come with a nine-year tenancy agreement that generates annual rental income of RM2.
YNH Property and Chin Hin—along with the land’s registered proprietor, New York Empire Sdn Bhd—have now agreed to revoke that agreement and proceed with a direct land sale to Chin Hin.
The Sri Penaga Condominium was also the recipient of the Editor’s Choice Awards for Excellence in Evergreen Community Living.
All units are designed for multigenerational living, with layouts that include family areas, private terraces, powder rooms and rooftop openings in selected penthouses.
The facility, formerly known as A Famosa Specialist Hospital, is a 140-bed tertiary care centre slated for completion in the first half of 2028.
The new anchor tenants are Village Grocer, Miami Beach, Jungle Gym, Ballet Theatre Malaysia, Sport Planet, Playa Racquet Club, La Boca and 91 Sports Arena.
Established in 1976, Subang Jaya today is a mature and vibrant city with a thriving population of more than 950,000.
The property includes a two-storey factory, a three-storey office block, a two-storey warehouse, and a guardhouse, situated on approximately 6,182 sq m of land.
This marks the second land acquisition involving Avaland and Tan Chong Group this month.
ERAT has a gross development value of RM173.