Sold for: RM880,000; Concluded by: Lai Yan Yin (REN 17086) of MIP Properties Sdn Bhd (012-881 8886) and Calvin Moy (REN 04457) of Reapfield Properties Sdn Bhd (016-692 1567); When: June 2017
The MACC also confirmed that they have conducted a search at Mohd Isa’s houses in Linggi, Port Dickson; Lavender Heights, Seremban; and Bandar Baru Nilai
The Park 2 has an estimated RM720 million gross development value, and comprises 385 and 324 serviced units in Tower 1 and Tower 2, respectively.
Knight Frank Malaysia pointed out that developers are scaling back on new property launches, especially in the high-end condominium market amidst continued weak demand.
Ascott Residence Trust Management is an indirect wholly-owned subsidiary of CapitaLand.
Group plans to increase its manufacturing capacity to 8,000 apartment units per year by 2018.
"We know that our bids are very competitive."
Revenue increased 27% to RM184.56 million from RM145.31 million, on higher contributions from both property and education divisions.
1HFY17 office revenue dipped 0.3% y-o-y as 40% of the net lettable area (NLA) of Menara Exxon-Mobil was unoccupied in February and March 2017.
Higher contribution from the manufacturing and property divisions.
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