Office suite in Wisma YNH (Kiara 163), Mont’Kiara, Kuala Lumpur sold for RM505k | DONE DEAL
Park Regent, Desa ParkCity, condo unit sold for RM5.
Park Regent, Desa ParkCity, condo unit sold for RM5.
PublicInvest noted that the potential acquisition initiatives are being led by Tata Semiconductor Manufacturing president KC Ang, who previously served as vice-president of operations at SilTerra Malaysia.
The sum includes the balance of the unpaid amount under subcontractor progress payment certificates, approved variations, payment of the retention sum, as well as costs and expenses.
“This is a strategic long-term investment in shaping Putrajaya into a model city that embodies Madani values and aligns with the Chase City Vision,” said Minister in the Prime Minister’s Department (Federal Territories), Datuk Seri Dr Zaliha Mustafa, in a social media post on Tuesday.
Park Regent, Desa ParkCity, condo unit sold for RM5.
The initiative will consolidate the approval process across key areas such as development planning, building certifications and operational licensing to provide a seamless and time-bound investment experience.
The land, valued at RM113 million, is being bought below market price.
The ad interim injunction was filed by Hydroshoppe Sdn Bhd and its subsidiary Menara Kuala Lumpur Sdn Bhd, but this was dismissed by the High Court on April 8.
Upon completion, the property will be leased back to the seller, Alpha Express, under a 10-year triple net lease at RM195,000 per month, subject to rent reversion for each renewal term.
The contract, which is the first win for the company in 2025, was awarded by Mercu Majuniaga Sdn Bhd.