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 Tropicana Gardens, Kota Damansara, • The Brighter Side Of Life •

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Jagalat
post Mar 13 2022, 02:25 PM

(J)et L(ag) Ji(alat)
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5,949 posts

Joined: Oct 2013
QUOTE(AskarPerang @ Mar 13 2022, 01:10 PM)
This lelong unit is still available. No bidder at 475K. But I guess many will regret not grabbing it at this price.
Now drop further 10% in price.
Expecting big fight with many bidders.

Is a brand new unit actually. Corner/end lot. Facing west towards block Bayberry, partial pool view.
B3-28-01, 28th Floor, Residensi C, Tropicana Gardens
Reserve price🔥🔥RM 428,000 🔥🔥
Leasehold until 2106
603sqft (Type A), 1 car park
Auction date: 29-Mac-2022 (Tue)
*BUMI lot
*Vacant brand new unit
» Click to show Spoiler - click again to hide... «

*
Facing west bumi lot.... Hmmm...

Jagalat
post Jul 23 2024, 11:58 PM

(J)et L(ag) Ji(alat)
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5,949 posts

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QUOTE(lotep @ Jul 23 2024, 09:43 PM)
https://www.malaymail.com/news/money/2024/0...a-lumpur/144772

Tuesday, 23 Jul 2024 8:35 PM MYT
KUALA LUMPUR, July 23 — IOI Properties Group Bhd’s subsidiaries have entered into four sale and purchase agreements (SPAs) via its subsidiaries for several acquisitions in Malaysia.

In a filing with Bursa Malaysia today, the property developer said wholly owned subsidiary IOI Mall Damansara Sdn Bhd had entered into a conditional SPA with Tropicana Indah Sdn Bhd to acquire Tropicana Gardens Mall and its assets in Tropicana Indah, Petaling Jaya for RM680 million.
*
Last time sold Topikana Siti mall, now sells Topikana Gardin Mall.

101 seems brave to do multiple acquisitions.


This post has been edited by Jagalat: Jul 24 2024, 12:07 AM
Jagalat
post Jul 25 2024, 12:22 PM

(J)et L(ag) Ji(alat)
*******
Senior Member
5,949 posts

Joined: Oct 2013
QUOTE(lotep @ Jul 23 2024, 09:43 PM)
https://www.malaymail.com/news/money/2024/0...a-lumpur/144772

Tuesday, 23 Jul 2024 8:35 PM MYT
KUALA LUMPUR, July 23 — IOI Properties Group Bhd’s subsidiaries have entered into four sale and purchase agreements (SPAs) via its subsidiaries for several acquisitions in Malaysia.

In a filing with Bursa Malaysia today, the property developer said wholly owned subsidiary IOI Mall Damansara Sdn Bhd had entered into a conditional SPA with Tropicana Indah Sdn Bhd to acquire Tropicana Gardens Mall and its assets in Tropicana Indah, Petaling Jaya for RM680 million.
*
Further info...The TGM deal is selling at a "discount"...


"Tropicana said the divestment of TGM is expected to result in an estimated net pro forma loss on disposal of RM267 million, given that the building cost of the mall amounted to RM867.28 million while the land cost was RM2.72 million.

In a note yesterday, TA Securities said the acquisition price of RM680 million is notably below the mall’s net book value of RM944 million, representing a 28% discount."

https://www.freemalaysiatoday.com/category/...ioi-properties/




 

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