MPDP (Penang Edition): Developers urged to rethink strategies in selling bumi lots
“Developers often don’t even have dedicated bumi sales staff or marketers, so the message gets lost with prospective buyers.
“Developers often don’t even have dedicated bumi sales staff or marketers, so the message gets lost with prospective buyers.
Its wholly-owned Yew Lean Foundry & Co Sdn Bhd has entered into a sale and purchase agreement with Hong Kuan Metals Recycle Sdn Bhd for the disposal of the property, the group said in a bourse filing Wednesday.
IBTEC is a large 7,290-acre township in Johor, part of the Johor-Singapore Special Economic Zone, aimed at boosting cross-border investment, digital infrastructure and sustainable urban growth.
Menara Bukit Ceylon, Kuala Lumpur condo unit sold for RM630k | DONE DEAL UOA Business Park, Selangor office unit rented for RM11.
Distinctively built to complement its picturesque surroundings, Park Regent is a carefully crafted luxury condominium project situated on the precious parcel next to the Central Park and Central Lake of the international award-winning township of Desa ParkCity in Kuala Lumpur.
The YPLab 2025 winning group’s representative, Najat Amer Nordin, 36, stated their core idea was to activate the Kampung Pasir Baru bund from a dead space into a living infrastructure.
On Thursday, an eviction operation in Kampung Sungai Baru turned chaotic, leaving Dang Wangi police chief Sulizmie Affendy Sulaiman bloodied as he was reportedly struck by a flying object as authorities blocked villagers from re-entering their own neighbourhood.
“The proposed disposal consideration for the 49% stake to Choo Peng Hung has not been finalised and remains subject to ongoing negotiations,” the company said, adding that the final terms including the disposal price will be set out in a definitive agreement between the parties.
Low also underscored the statutory role of the sinking fund under the SMA, cautioning against its misuse, and recommended clearer maintenance schedules such as repainting every six years and waterproofing every 10 years.
The planned township has an estimated gross development value (GDV) of RM650 million and will be developed in phases over 12 years, with groundbreaking targeted for the first quarter of 2027.