News about update

According to King’s Park Development executive vice president Sean Chen, King’s Park will be developed in five phases.

This collaboration aims to provide a cost and space-efficient housing solution that effectively address workers’ accommodation issues, thereby creating a conducive work environment and infrastructure in Kedah, said Unitrade.

The company said this mixed-use development site has a projected gross development value (GDV) of US$1.

The redevelopment project will result in the expansion of the retail space of an approximate 50,000 square feet (sq ft) of net lettable area (NLA).

Jorge Perez, the chief executive officer of Related Group, one of Miami’s largest builders, told the WSJ that he “passed” on the deal because Genting wanted the whole acquisition price upfront rather than in stages.

The group is selling the property, via its wholly owned unit Metro Envy Sdn Bhd, to Gorgeous Arena Sdn Bhd (GASB), Tex Cycle said in a filing with Bursa Malaysia.

With built-ups from 3,455 square feet (sq ft) to 10,559 sq ft, these units come with a starting price of RM1.

Interestingly, the two logistics hubs will be fully leased to their master tenant Storio Sdn Bhd, an automated warehouse operator that is headquartered at Wisma Minlon.

The project is targeted at families and downsizers in search of nature, privacy and convenience.

Lim is a chartered accountant with over 40 years of experience in risk management, banking and accounting.