News about properties

Pristine Premier, comprising 51 units of double-storey terrace house, is the final phase of Pristine project, with a gross development value of RM19.

Half of the units will be built under the first phase of the project, which is to be completed in 15 months from Feb 19, while the remaining units will be built under phase two and to take another 15 months, Haily said in a bourse filing.

The shares represent a 19.

Sime Darby Property’s group managing director Datuk Azmir Merican said the partnership will serve as a vehicle to commercially develop affordable homes to provide greater access to homeownership for a wide range of customers.

Ho will continue to serve as executive director of the company until March 31, 2024 to facilitate a smooth transition.

“This proposed acquisition brings excitement to the group as it enables us to tap into ETA World’s expertise in the construction and property development of industrial properties, enabling the enlarged group to take advantage and ride on the favourable prospects of the industrial property market.

The plot forms part of the Penang Times Square development, and will be used to develop a multi-storey residential project.

The research house said that in view of the stock also breaking out from the one-month downward channel pattern last week, which coincides with its rising exponential moving average, the upward momentum may be present now.

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Jiankun said the proposed acquisition is expected to provide the group an opportunity to venture into property development in the northern part of Peninsular Malaysia and contribute positively to the group's revenue and profitability.