The improvement in gross revenue was also due to the impact of revenue straight-lining over the lease term under requirements of Malaysian Financial Reporting Standard 16 Leases, said Sentral REIT in a bourse filing.
YNH, however, did not reveal the indicative price range or materiality of the disposal, though Bursa had, in its request for more information issued on Jan 19, also asked for that, besides the indicative timeline to finalise the disposals, current stage of negotiation, and identity of the property or properties, including location and land size.
The industrial mould manufacturer said it signed an agreement on Tuesday to sell the land, measuring 4,716 sq m, to Exsim Putra Permai 45 Sdn Bhd.
“Bangsar Hill Park has been intentionally designed as purely residential condominiums to complement the commercial aspect in this vicinity.
With a gross development value of RM202 million, Casa Embun Phase 2 comprises 505 units of serviced apartments ranging from 550 to 1,541 sq ft with two layouts of two rooms, one bathroom and three rooms, two bathrooms.
At the time of writing, YNH Property, the property developer linked to prominent investor Datuk Dr Yu Kuan Chon, witnessed an all-time high trading volume of 218.
In addressing concerns regarding property owners’ interests, KPKT has outlined some points to be adhered to in the process of urban renewal.
With a gross development value of RM523 million, the 4.
With a gross development value of RM450 million, ForestHill Residences is located on a 4.
UOB Plaza 1 Kuala Lumpur was completed in 2022.
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