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Phase 1 will comprise Tower A, which is a 38-storey tower comprising 310 units, with built-ups ranging from 700 sq ft with two bedrooms and one car park bay, to 1,130 sq ft with three plus one bedrooms and two car park bays.

With a gross development value of RM186 million, the 21-storey Casa Embun comprises 482 apartment units, with built-ups ranging from 550 to 1,541 sq ft and selling prices starting from RM250,000.

Home ownership rates rose from 2012 to 2019 across the country, except for Perlis and the Federal Territory of Labuan, according to a DoSM survey .

The property developer said its wholly-owned subsidiary, PGB Iconic Sdn Bhd has entered into a sale and purchase agreement with Besview Holdings Sdn Bhd for the proposed acquisition.

The development consists of two towers, both 41 storeys high, totalling 870 units.

In a statement on Thursday, Stella said the acquisition — which comes with a profit guarantee of RM120 million for the financial year ending June 30, 2024 (FY2024), FY2025, and FY2026 on an aggregate basis — is especially noteworthy, due to PTM's RM1.

With a gross development value of RM40 million, the two-acre Candella 2 is scheduled for completion by end-2025.

HIL said it has been continuously looking out for opportunities to obtain more development land within the Klang Valley to ensure the continuous growth of its property business.

The scheme will be available until end-January next year, and will be open to all of IJM Land’s GreenRE-certified residential developments.

The purchase price of S$538 million (RM1.