Urusharta Jamaah ceases to be substantial shareholder in Pintaras Jaya
After the sale, Urusharta Jamaah will no longer hold any stake in Pintaras Jaya.
After the sale, Urusharta Jamaah will no longer hold any stake in Pintaras Jaya.
From a spacious 5-bedroom penthouse in Bukit Ceylon, Kuala Lumpur, to a brand-new 4-bedroom terrace home in Bandar Kinrara, Puchong, there’s something for every homebuyer.
Analysts said the development reinforces EcoWorld’s long-term growth prospects from resilient demand for industrial assets, while the price tag for the project land is also fair.
The Vision Business Park (VBP) features an 80:20 industrial-to-commercial ratio, with 623 acres for industrial use and 137 acres for commercial businesses of all sizes.
The sale of the property to an investment firm, Airique Property Sdn Bhd, is expected to be completed by the third quarter of 2025, with an estimated net pro forma gain of RM4.
The project, a joint venture with Belgium-based Port of Antwerp-Bruges International (PoABI), is designed to be a long-term, sustainable maritime and industrial hub that is centred on value-added and innovation-driven industries.
Fajarbaru said the work is scheduled to begin on April 11 and will span nine months, with completion expected by Jan 10, 2026.
“If 100 sq ft is built first as an increment, but in the future, the goal is to have 80-sq m (861 sq ft) houses, 80 sq m of land must be allocated today.
CIMB Securities said in its note that the domestic focus on the sector makes it relatively attractive to foreign investors.
The Johor-based property developer recorded a net profit of RM536.