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This marks the second project secured by the group this month, following the RM26.

The real estate developer said its wholly owned unit, Tanah Bayumas Sdn Bhd, has signed a sale and purchase agreement (SPA) with Prismaworld Embassyview Sdn Bhd to purchase the land and six blocks of five-storey condominium buildings with a sub-basement one-storey car park, according to a filing on Thursday.

If we are serious in ensuring houses are humanely affordable with similar facilities and amenities enjoyed by the wealthy, we need to address the root cause of why houses are so expensive, small, remotely located, and lacking in quality and amenities.

DONE DEAL: Bungalow, Country Heights, Kajang, Selangor DONE DEAL: Serviced residence, Damai 33, Jalan Damai, Kuala Lumpur In terms of the distribution for demand in Bukit Damansara, properties sized up to 10,000 sq ft, with a price range of around RM3.

Under the preliminary agreement, Mara and Privasia are to form a special purpose vehicle for the project, which is to lease a 49.

DONE DEAL: Bungalow, Country Heights, Kajang, Selangor DONE DEAL: Serviced residence, Damai 33, Jalan Damai, Kuala Lumpur Median transacted prices for Serai Bukit Bandaraya were up to eight times higher than the rest of Kuala Lumpur, based on the most recent data from December 2023.

Among the resolutions to be tabled is the re-election of its six directors: Ku Chong Hong, Dang Nguk Ling, Datuk Seri Zaini Jass, Datuk Tan Bok Koon, Yak Boon Tiong, and Chiew Jong Wei.

This marks the group’s second collaboration with Kwasa Land, following an agreement between them for Gagasan Nadi to develop 1,669 affordable housing units on Plot R4-1 in Kwasa Damansara last year.

"We value our partnership with Solarvest and look forward to exploring future collaborations once our revised plans are finalised.

The group intends to develop the property into 63 residential land lots with a projected gross development value of A$150 million.