In a filing with Bursa Malaysia on Tuesday (Aug 1), the company said Tan will helm the transformation and growth of the group together with the management team.

The third installment of the Green Build Conference (GBC) 2023, which was held on Tuesday (Aug 1), highlighted the importance of long-term sustainability in the country’s real estate industry by urging stakeholders to plan their climate ambitions accurately and demonstrate their commitment and ability to take decisive climate actions.

Noteworthy:

• Built-up size: 2,400 sq ft
• Land size: 1,950 sq ft
• Unfurnished
• Nearby amenities: Convenience stores, schools, Sunway Velocity Mall, LRT Ampang, MRT Maluri, MRT Cochrane
• Accessibility: EKVE highway, SUKE highway

When: March 2023

The 52-year-old Tan has over 26 years of international experience in the property development and construction industries, having held leadership positions at other property companies.

Avillion incurred net losses of RM5.4 million at the group level and RM4.84 million at the company level in FY2023, although the group’s hospitality, property, and travel divisions have recovered after the Covid-19 pandemic.

The land is next to the Bayan Lepas WaterFront development site.

Yeo, 52, holds a 2.79% stake, comprising 16.08 million shares, in Advancecon. 

Also contributing to the higher income and fair value gain on its properties of RM66.69 million, quarterly revenue was 10.47% higher to RM117.56 million from RM106.42 million last year.

The self-sustaining townships of both landed and vertical homes are supported by bustling retail, education, medical and leisure activities. ParkCity is all about creating spaces that bring together the most important parts of life – Family, Neighbourhood, Community, Connectivity and Convenience.