SHAH ALAM: Kumpulan Hartanah Selangor Bhd (KHSB) and Hong Kong-based Sun Lohas Group Ltd signed a memorandum of understanding (MOU) on the proposed eco-development concept of a 2,013ha land in Bestari Jaya, Kuala Selangor.
Chairman of KHSB Raja Idris Raja Kamarudin said the main concern of the MoU was to enable Sun Lohas to carry out a financial and legal due diligence as well as feasibility study on the proposed development known as Sun Lohas City.
He said the development would start in six months after considering factors such as immigration, labour and legislation. “Sun Lohas has proposed to us a unique concept to develop our land in Bestari Jaya. If the concept is workable and feasible, the proposed project would offer an opportunity for skill development in this state,” he said in a press conference after the MoU signing here yesterday.
Sun Lohas chairman Chen said the gross development value of the project was estimated at RM8bil.
By Bernama.
Friday, May 18, 2012
KHSB in pact to develop 2,013ha site
KUALA LUMPUR: Kumpulan Hartanah Selangor Bhd (KHSB) and Sun Lohas Group Ltd yesterday signed a memorandum of understanding (MoU) on the proposed eco-development on a 2,013ha site in Bestari Jaya, Kuala Selangor.
The MoU is to enable Sun Lohas to carry out a financial and legal due diligence as well as feasibility study on the proposed development known as “Sun Lohas City”.
The gross development value of the project is estimated at RM8 billion, while the development is expected to be completed within 10 years’ time.
By Business Times
The MoU is to enable Sun Lohas to carry out a financial and legal due diligence as well as feasibility study on the proposed development known as “Sun Lohas City”.
The gross development value of the project is estimated at RM8 billion, while the development is expected to be completed within 10 years’ time.
By Business Times
Amcorp Properties sells London flats
PETALING JAYA: Amcorp Properties Bhd is selling an apartment development in London, England for £9.3mil (RM46mil) to International Trading Group (Holding) SAL and Universal Distributors Holding SAL.
Amcorp Properties told Bursa Malaysia it agreed on Wednesday to sell its subsidiary Riverich Ltd, which owns a freehold 10-apartment unit development at 101 Lexham Gardens, London.
Riverich had bought the development in December 2010 for £7.3mil (RM35.9mil) cash.
By The Star
Amcorp Properties told Bursa Malaysia it agreed on Wednesday to sell its subsidiary Riverich Ltd, which owns a freehold 10-apartment unit development at 101 Lexham Gardens, London.
Riverich had bought the development in December 2010 for £7.3mil (RM35.9mil) cash.
By The Star
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