Demand for older, non-prime offices continues to decline as tenants favour modern, energy-efficient spaces in well-connected locations in newer prime office buildings.
SCIB said it is too premature to provide estimates for the GDV or gross development cost for the project at this juncture, as it is only in the early stages of planning, and the final development concept has yet to be determined.
The Mansions @ ParkCity Heights, Kuala Lumpur terrace house sold for RM9.
Mutiara Kempas consists of a 39-storey low-density tower with 562 units, ranging from 801 sq ft to 1,024 sq ft.
Three parcels have been acquired in Puchong and USJ 1, Selangor, and in Georgetown, Penang, as part of Sunway’s nationwide expansion strategy.
Bringing with him more than 28 years of experience in the property and real estate industry, Ma handled major corporate transactions and IPO listings for Nawawi Tie’s clients on Bursa Malaysia, the Securities Commission Malaysia, and stock exchanges in Hong Kong and Singapore.
The group stated that this unbilled sales base is expected to underpin revenue recognition into FY2026 and FY2027, as projects progress through more advanced construction stages.
Jasrinderjit, formerly the company’s head of investments, strategy and corporate relations, will support the executive leadership and the board of directors in his new role.
Menara 1 @ KL Eco City, Kuala Lumpur office sold for RM1.
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