With a gross development value (GDV) of RM240 million, Societe is a 33-storey building comprising 280 small office home office (SoHo) units and 20 duplex SoHo units with built-ups ranging from 499 to 1,595 sq ft.
Of note, are the 112-acre Tropicana Grandhill and Tropicana Paradise, an integrated development and the next phase of the Tropicana WindCity masterplan.
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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.
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