Sarawak Economic Development Corp no longer a substantial shareholder in Cahya Mata Sarawak
The share disposal comes as CMSB grapples with weaker financial performance.
The share disposal comes as CMSB grapples with weaker financial performance.
Located on a 15-acre site, Ativo Annexe will comprise Amaya Residences (high-rise residences), The Arden (office suites) and DA Central Mall.
The joint venture will allow S P Setia to reduce its capital outlay for the project and comes at a time when the company is targeting to lower its financial leverage, according to MIDF Amanah Investment Bank and Kenanga Investment Bank.
Both organisations aim to facilitate capacity-building and training programmes for developers in Sabah, support the certification of residential and commercial projects under the GreenRE framework, and enhance industry awareness of the economic and environmental advantages of sustainable development.
Setia MF EcoHill Sdn Bhd, will develop a 113-acre parcel comprising 683 homes, including bungalows, semi-detached, and cluster houses.
There are still residential units available at Bangsar Ria and Puchong South.
The project, tentatively named Residensi Bangsar South, will feature 374 residential units on a 7,235-square-metre parcel of land owned by Genland.
DBKL assured residents "that every decision related to urban development is always based on existing policies and the gazetted development plans.
Under the deal, YNH is granted the rights by Genland Sdn Bhd (GSB) to develop the project on a 7,235 sq m land in Bangsar South owned by the privately-held property developer.
The project is part of TSLAW Land’s Skyline Series and marks the redevelopment of Plaza Sentosa into a 7.