We gather that UEMS plans to convert the building into ultra-luxurious residential, potentially with a mix of ground-floor retail and serviced apartment components. Rationale for the purchase is to ensure a steady flow of overseas projects. The property is in a different location from the two core CBD sites currently owned by UEMS.

To recap, Khor Teng Tong Holdings Sdn Bhd had in March expressed its intention to take Hunza private — through a selective capital repayment (SCR) — for RM2.50 per share. The privatization offer is led by its founder Datuk Seri Khor Teng Tong, who together with members acting in concert, holds a combined 59% stake in Hunza

DO pay the agents their full fees of 3%. Agents work very hard, and they would go the extra mile if you give them the respect and fees they deserve.

Nilai Impian township project sits on 1,808 acres of land, with a total gross development value of RM4.5 billion

UEMS subsequently intends to convert the building into an “ultra luxurious” residential development

The report also noted that there will be more demand for smaller units than larger ones due to budget constraints, but it will be moderated with a larger supply of small units in the pipeline

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On the near-term outlook, we believe that retail sales are expected to remain resilient despite lower tourist arrivals and inflationary impact subsequent to the goods and services tax (GST) as most shoppers at Pavilion Mall comprise the higher-income segment

Commercial property and real estate services adviser CBRE expects Central London residential sector activity to increase in the second half of the year.

Newer projects such as Main Place Residence and USJ One Park contributed to the growth of the average transaction price