Turiya, in a filing with Bursa Malaysia, said it is buying the 31-year-old office building from Sentral Real Estate Investment Trust (REIT) (KL:SENTRAL) to boost revenue, quickly attract tenants, and diversify income away from its semiconductor business.
The potential listing of two real estate investment trusts (REITs), which CGS International is confident will materialise, will lower IOI Properties’ gearing levels, the house noted.
The High Court’s decision followed Bank Islam’s application under Order 14 of the Rules of Court for the summary judgement against Ivory Properties, according to Ivory Properties’ bourse filing on Thursday (June 19).
The group's wholly owned IOI Consolidated (Singapore) Pte Ltd has inked a conditional share sale agreement with Ascent View Holdings Pte Ltd to acquire the stake in Scottsdale Properties Pte Ltd, the holding company of South Beach Consortium Pte Ltd, which owns the development.
Under RHB Green Residential Property Loan/Financing, home purchasers can opt for loan/financing margins of up to 95% (inclusive of entry cost financing), with an additional 5% to finance MRTA/MRTT coverage.
The group recorded net interest expense of RM100.
The company is exploring local and international project-based sales, potentially through partnerships with developers.
This 11th Awards Appreciation Night was not only a celebration of Gather Properties' achievements but also a stage for its agents to showcase their success.
Polygon Properties founder Derek Soh announced the company’s expansion across the Klang Valley, with offices now located in Old Klang Road (HQ), Hartamas, Cheras, Kepong, Rawang, Subang and Cyberjaya.
Birch House is a double-storey colonial mansion with a floor area of 18,710 sq ft.
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