Yong Tai buys Sabah property developer for RM15m
Yong Tai stated that the preliminary feasibility study estimates that the Lahad Datu project and Tawau project will generate development profits of about RM10.
Yong Tai stated that the preliminary feasibility study estimates that the Lahad Datu project and Tawau project will generate development profits of about RM10.
As part of the bigger Sunway City Kuala Lumpur in Subang Jaya, Selangor, the development has 473 rooms for lease.
These are the “Sincerely, Setia Youth Engagement” initiative and “Sincerely, Setia Festive (Kaamatan) & Healthcare Assistance Programme”.
The contract was awarded to Vizione's wholly owned subsidiary, Bina Permai Sdn Bhd, by Permaju Industries' wholly owned unit, Permaju Property Sdn Bhd, in December 2023.
The RM36 million purchase will be fully settled via a transfer of NCT’s shares which includes RM3.
The development comprises 20 units of three-storey freehold, semi-detached homes on a 2.
The lands are in Titiwangsa, close to major highways and amenities, and will be combined for a serviced apartment project with about 240 units, estimated at RM130 million GDV.
The land, valued at RM113 million, is being bought below market price.
Residensi 22, Mont’Kiara condo unit sold for RM2.