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Chin Hin Property said RM110.7 million of the settlement amount had been paid to Fiamma to date.

Edusentral comprises six residential towers, lifestyle-office small-office (LoSo) and retail components, as well as the Peninsula International School Australia (PISA).

The disposal comes with a separate arrangement for the recovery of RM14.14 million owed by TWPS to Tien Wah for renovation and fit-out costs incurred for the banquet business.

Both games are among the fastest-growing racket sports worldwide, which account for their rapid growth in popularity in Malaysia.

Under the SPA, the disposal is to be completed on or before three months from the date all conditions precedent are fulfilled or waived. The SPA provides for a further one-month extension.

Pekat said estimated aggregate lease rental over the initial 24-year term is RM54.5 million, assuming the lease commences and based on the estimated acreage and rental escalation under the agreement.

The property developer said the park, alongside the township’s 63-acre man-made lake and musical fountain, is intended to support recreation, wellness and community engagement.

The system is intended to bring together business functions and management disciplines including project management, finance, marketing and sales, human resources, internal audit, legal, procurement, quality assurance, environmental management, occupational health and safety, risk management and anti-bribery practices.

Phase 1 spans 104 acres and offers infrastructure-ready industrial parcels starting from five acres for sale or lease. Setia Awan said the phase has achieved a 50% take-up rate, with Ningbo Fresh Technology and Sheentech Automotive Systems among its confirmed investors.

EdgeProp analysed 384 non-landed residential properties that changed hands in 12 months between July 1, 2025 and June 30, 2026. Only transactions that could be matched against their respective purchase prices were included; and in this dataset, they ran from as far back as 1980 to as recent as 2026.