News by EDGEPROP.MY

Avaland Bhd is expanding its footprint in Kuala Lumpur's luxury residential segment, with its indirect wholly-owned subsidiary Nexus Advertising Sdn Bhd (NASB) signing a conditional sale and purchase agreement (SPA) yesterday (April 28) to acquire three adjoining parcels of freehold development land in the prestigious Taman U-Thant embassy enclave for RM86,039,000, according to its announcement on Bursa Malaysia.

The company said it remains open to revisiting the acquisition should suitable opportunities arise.

The land was acquired from five individual vendors. 

Over the same period, the company facilitated more than 116,000 property transactions across the country.

Framing the project within Sepang’s broader urban agenda, Ani highlighted the role of such developments in enhancing liveability and environmental resilience.

Prices start from RM591,000, with completion targeted for 2029. 

Gross revenue for the quarter rose 11.4% to RM13.27 million from RM11.91 million in 1Q2025. 

The extension, agreed with Lim, is intended to grant IWCity more time to assess and deliberate the proposal in detail.

The proposed acquisition involves a three-storey purpose-built shopping mall with a basement carpark situated at the intersection of Jalan Genting Kelang and Jalan Taman Ibu Kota, approximately 10km northeast of KL city centre. 

Kommons Realty marked its annual Awards Night 2026 on April 8, bringing together its Real Estate Negotiators (RENs), leadership team, and industry partners to recognise performance achievements recorded in 2025.