AGM minutes can tell a prospective buyer a lot about a stratified property

PETALING JAYA (July 9): Looking to buy into a stratified property on the secondary market? Besides the usual questions such as the cost of maintenance and facilities, Chur Associates founder and managing partner Chris Tan added another crucial aspect that could help a prospective buyer decide whether the property is a good investment -- the project's Annual General Meeting (AGM) minutes.

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DONE DEAL: Serviced apartment, Kiara Designer Suites, Mont'Kiara, KL

Sold for: RM690,000 (RM548 psf) Concluded by: Ashley Haw (REN 05137) (011-1289 3610) of Kith and Kin Realty Sdn Bhd When: December 2019  Noteworthy: ● Freehold ● Built-up: 1,259 sq ft ● 3 bedrooms; 2 bathrooms ● Fully furnished unit ● Facilities: tennis court, gym, mini market, sauna, swimming pool and BBQ area.

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Maybank sued for ‘thwarting’ luxury Tribeca condo tower

NEW YORK (June 11): The developer of a 43-story luxury condo building in Manhattan’s Tribeca neighborhood sued Malaysia’s biggest bank for reneging on agreements to provide more than US$162 million (RM689 million) in syndicated construction loans and “effectively thwarting” the project, Bloomberg reported today.

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Jho Low found new ways to move money in Kuwait: WSJ

KUALA LUMPUR (June 10): Fugitive Malaysian financier Jho Low traveled to Kuwait last September, slipped past international arrest notices and authorities in the US and Malaysia seeking him for his alleged role in the multibillion-dollar state investment fund 1Malaysia Development Bhd (1MDB) fraud, says the Wall Street Journal (WSJ).

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