10th means nothg but  my concern is more on their mall consultant , whether they Can to create somethg added value for Robertzai or not .

I hope GL can replica their DNA of Kota kemuning creative " WETLAND PARK"

Wah then there is still a long time to go before signing of SPA. Just dunno better to apply loan first or wait for later.

Any idea about the Rate?

is there any units available ? Please pm me.

this page 65 from the edge during CNY

can someone confirm this Ivory got the Plaza Rakyat?

I hope for next tower launch they will advertise in japan or german or uk or korea magazine. If cater to retiring foreigner better.


   

Any idea when the SPA ready for sign ?

Hi Lily, May I ask how much is per sqft you bought? Thanks

then rongfu is VVIP

Plaza Rakyat purchase hits yet another delayBy Fatin Rasyiqah Mustaza oftheedgemalaysia.comThursday, 05 December 2013 13:51

KUALA LUMPUR: Ivory Properties Group Bhd’s proposed acquisition of the property assets of the abandoned Plaza Rakyat project in Kuala Lumpur for RM400 million will be delayed for another three months.

The property developer said in an announcement to Bursa Malaysia yesterday that the extension is to satisfy the conditions precedent as provided by the acquisition and rehabilitation agreement (ARA).

“In view of the extension, the applications to the relevant authorities in relation to the proposed acquisition will be further delayed for another three months,” it said.

Through its 65% unit, Ivory Place Sdn Bhd, the group had entered into a conditional ARA with Plaza Rakyat Sdn Bhd for the acquisition of a lease expiring on April 15, 2081 on five parcels of adjoining leasehold land with a total land area of 663,595 sq ft.

Ivory would also obtain the development rights on the project land, all the incomplete or abandoned structures built on it as well as the rights, interest and benefits on the lease in relation to the project land.

Once the acquisition of Plaza Rakyat is completed, it will mark Ivory’s first foray into the Klang Valley. 

The group already has property development projects on Penang island, and the Plaza Rakyat purchase is part of its ongoing efforts to diversify its business outside the island.

The group also intends to revise the development plans of the Plaza Rakyat project, which encompasses a comprehensive and integrated residential, commercial and transport hub.

The original Plaza Rakyat project, with an approved development value of RM1.4 billion, comprised a seven-storey shopping mall, 21-storey four-star hotel, budget hotel, 45-storey block with 290 units of serviced apartments, and 79-storey office tower. It was scheduled to have been completed in 1998 but construction was halted due to the Asian financial crisis.

Heard that tower 3 is 15% more. So on paper now already gain 15%!

That's the stamp duty for MOT. Stamp duty for loan agreement has to be paid within 1 month after signing loan agreement. Right? Unless you don't need a loan of course.

I have signed.

The nice lady told me got foreigner units returned due to 1 march  2014 @ kl foreigner only can buy 1mil n above.

Who need it can go grap it now!

Can anyone who had sign snp verify that the cost of maintenance fees, free aircond....etc got stated in the S&P?

still got any units left?

fully furnised? got discount?

Maybe just sourgrape ppl la. We are here to share info. To discuss idea opinion. Etc etc

some ppl just like to do attacking. Wat cause it? Jeoulous?