Chin Hin Group Property buys land in Melaka to build RM1.01b residential development
The gross development cost of the project it plans to build on the plots is about RM792 million.
The gross development cost of the project it plans to build on the plots is about RM792 million.
Under the LOI, Vegetta Champion was supposed to carry out the construction of the foundation and main building works of the Genting Highlands project, while Kanger Ventures would be responsible for its entire project management, financials and administration.
The group added that the proposed acquisitions align with its future business expansion plans, considering the strategic location and easy accessibility of the land for potential development.
It is a continuous journey to encourage the entrepreneurial spirit of Malaysians and spur wealth creation, especially in current times, to develop a community that is more resilient against economic shocks.
Furthermore, Maybank IB expects the 10-year Malaysian government securities (MGS) yield to lower to 3.
Magna Prima saw its share price jump to a three-year high of 76 sen last Thursday before declining on Friday.
The guidelines function as a strategic tool, inviting developers and relevant parties to revitalise areas with untapped potential through a set of attractive incentives.
Kenanga said IJM’s acquisition of the Shredded Wheat factory site aligns with its UK expansion strategy, building on the success of the Royal Mint Garden project where it first partnered Network Rail, which is the owner of most highway rails in the country.
This marks the highest rating ever attained by the company and underscores the exemplary workmanship quality of the building construction, adhering to the Construction Industry Standard (CIS 7:2006) set by the Construction Industry Development Board.
Maybank Investment Bank (Maybank IB) head of equity research Wong Chew Hann: In the private sector, you go into business because you want to make money.