YNH Property’s MD Kuan Huat replaces brother Kuan Chon as new chairman
The property developer’s bourse filing on Wednesday announcing the redesignation did not disclose the reason behind the boardroom change.
The property developer’s bourse filing on Wednesday announcing the redesignation did not disclose the reason behind the boardroom change.
Datuk Seri Azmir Merican: “This balance between managing debt effectively and leveraging it for future growth enables us to advance our growth plans and diversify our income streams responsibly.
If we are serious in ensuring houses are humanely affordable with similar facilities and amenities enjoyed by the wealthy, we need to address the root cause of why houses are so expensive, small, remotely located, and lacking in quality and amenities.
DONE DEAL: Bungalow, Country Heights, Kajang, Selangor DONE DEAL: Serviced residence, Damai 33, Jalan Damai, Kuala Lumpur In terms of the distribution for demand in Bukit Damansara, properties sized up to 10,000 sq ft, with a price range of around RM3.
DONE DEAL: Bungalow, Country Heights, Kajang, Selangor DONE DEAL: Serviced residence, Damai 33, Jalan Damai, Kuala Lumpur Median transacted prices for Serai Bukit Bandaraya were up to eight times higher than the rest of Kuala Lumpur, based on the most recent data from December 2023.
Of the proceeds, RM12 million will be allocated to support the group’s ongoing property development projects, including River Park (prime serviced apartments in Bangsar South with an estimated gross development value (GDV) of RM1 billion) and Park Green (low-density freehold serviced apartments in Bukit Jalil with a GDV of RM763 million).
The company said the contract will commence on Dec 9, 2024, and construction works are to be completed within 42 months.
The property developer said the sukuk is being issued in two tranches.
Launched in May this year, phase one of KL Wellness City comprises KL International Tertiary Hospital (KLIH) and The Nobel Healthcare Park.