DONE DEAL: Apartment, Le Yuan Residence, Kuala Lumpur DONE DEAL: Terrace house, Cheras, Kuala Lumpur Tucked away within the Happy Garden neighbourhood in Kuala Lumpur, the Seringin Residences apartment is surrounded by quiet roads and lush greenery alongside other conveniences.
The substructure works are for two blocks of 47-storey serviced apartments comprising 453 units, with existing commercial development comprising a five-storey retail mall and two levels of basement parking.
Datuk Wan Selamah Wan Sulaiman, 68, was appointed as the group’s independent and non-executive in January 2016.
Earnings per share rose to 1.
The real estate investment trust (REIT) said it had initially expected last year's strong recovery to taper off this year considering that there were no more special Employees Provident Fund (EPF) withdrawals, and due to a higher cost of living which may dent consumers’ spending power.
Sentral REIT said the acquisition of the building from MRCB’s wholly-owned subsidiary Puncak Wangi Sdn Bhd, will be satisfied with cash raised through a combination of equity and debt funding exercises.
According to King’s Park Development executive vice president Sean Chen, King’s Park will be developed in five phases.
Ibrahim Sahari, 59, said fellow former senior director Datuk Zarul Ahmad Mohd Zulkifli told him that said money was paid to ensure that CZCSB secured future projects.
The first two property projects taking part in AFFIN Home Step Fast/i will be Ayanna Residences and Quaver Residence.
As the increase in legal fees is reasonable and not significant when compared against the property value or loan amount, it is not expected to cause a domino effect towards the rising cost of living or house prices.
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