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KSL is acquiring the parcels of land from three units of Tropicana Corp Bhd, with plans to develop 628 units of residential properties beginning 2028.

Chiau Haw Loon and Chiau Haw Yew via private entity Enrich Signature Sdn Bhd, bought 23 million Ge-Shen shares from Ge-Shen’s managing director Chan Choong Kong, company filings showed.

Court of Appeal Judge Wong Kian Kheong in his judgment on Feb 19 this year said that the areas in dispute, namely 342 car park bays, landscaped areas, a pool deck, and other common property from the developer and the purchaser of some of the areas, should be the common property of Centrestage and not belong to the developer and the purchaser.

With a total gross development value (GDV) of RM300 million, the 36-storey Iconic Harmony comprises 751 residential units that come with two bedrooms and two bathrooms.

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During the event, PropNex unveiled a comprehensive sector training programme to enhance professionalism among its agents, along with a RM5 million investment in IT solutions for sub-sales and projects to improve efficiency and effectiveness.

“After KL, the three most expensive states for sub-sale homes are Sarawak, Sabah and Johor.

YNH's announcement came three months after the group made a delayed announcement relating to a land deal that took place in April 2022, which it had failed to disclose at the material time.

The planned development involved a five-storey hotel with a two-storey basement under the Moxy brand, a segment of Marriott’s millennial-focused brand.

With the SPA terminated, the parties will now revert to the development rights agreement inked, it said.