Developers are finding it difficult to comply with the requirement under the country’s stata management laws to submit the number of share units in a development when submitting their strata plans to the authorities.
Over the coming months, LRT3’s award phase is likely to be accelerated as ground works on the project are expected to be in full swing from 2018.
Renewals of leases expiring in 2017 for both Mid Valley Megamall and The Gardens Mall are largely completed with a healthy reversion of a mid-single digit.
Impending contracts for the project expected to benefit both small and large contractors, says analyst.
Sunway said its wholly-owned subsidiary, Sunway Forum Hotel Sdn Bhd, will receive RM340 million for the property, which comprises the Sunway Clio Hotel, a three-storey retail space and a multistorey car park.
The project has a total gross development value (GDV) of RM144.48 million, on the back of gross development cost of RM126.88 million.
The 5,000-acre City of Elmina township situated along the Guthrie Corridor Expressway has been earmarked as the new growth corridor of the Klang Valley.
On prospects, Bina Darulaman said its core businesses, particularly the property development, are expected to record “respectable performance” for the financial year ending Dec 31, 2017 (FY2017)
The acquisitions are estimated to be completed by February 2018.
The only property app you need. More than 200,000 sale/rent listings and daily property news.
