Investment SOLASTA @ PERSIARAN DUTAMAS, Dutamas' Latest New Project
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 Sep 7 2019, 01:05 PM
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#1
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All Stars
12,522 posts Joined: Feb 2013 
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QUOTE(ManutdGiggs @ Sep 6 2019, 10:35 PM) Depending on who is telling it. Fr them it's grade A for sure. Fr me it's not graded. Just like ew bond. πππ You mean unrated.  How's the sales in this solasta. Still need to promote? |
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Jan 3 2023, 07:42 AM
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#2
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All Stars
12,522 posts Joined: Feb 2013
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QUOTE(Dunamiz @ Jan 2 2023, 01:35 PM) Is there a real concern that YNH which does not seem to be on solid financial footing, may face difficulties in completing Solasta on schedule? Do u have any latest progress picture of solasta?This post has been edited by Babizz: Jan 3 2023, 07:42 AM |
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Jan 5 2023, 12:25 PM
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#3
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All Stars
12,522 posts Joined: Feb 2013
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QUOTE(Dunamiz @ Jan 3 2023, 08:02 AM) I was there about 2 weeks ago and noticed trucks moving into the site ...I think only ground work has commenced ....although there is activity for now, its a long way to go and with YNH selling its other properties to raise cash .... hmmm ... its not a good sign ... SnP signed few years already right |
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Jan 18 2024, 09:04 PM
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#4
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All Stars
12,522 posts Joined: Feb 2013
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QUOTE(Spacase @ Jan 18 2024, 05:26 AM) Blow for YNH as MARC Ratings downgrades bond programme Chance of project stalled is 80%. They only have 17 mil cash vs 1.3 billion borrowings.Stocks linked to businessman Yu Kuan Chon get pummelled Bursa freezes lower limit share price for Rapid Synergy, SCIB, YNH Property Any need to be concern for Solasta on YNH's weak liquidity position? Any risks of project stall? :confused: MARC Ratings noted the groupβs liquidity position, as reflected by cash and short-term deposits, stood at about RM17 million as of Sept 30, 2023 while its adjusted borrowings amounted to about RM1.3 billion. |
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Jan 24 2024, 07:27 AM
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#5
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All Stars
12,522 posts Joined: Feb 2013
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QUOTE(SebastianSSPG @ Jan 22 2024, 07:18 AM) I thk to be fair they still have over RM300Mil Freehold/Leasehold land which are not pledged to banks. (If there were able to find a buyer in time, they should be quite safe). Is land easy to be sold off and liquidated in a short span?? If banks demand the loan to be repayed in 1 month can this labd sale and all proceeds be given in 1 month? Anyway hows the progress here? Any pictures  They have one plot of land in KL city that has been hoarded for many years. |
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Nov 6 2025, 12:38 PM
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#6
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All Stars
12,522 posts Joined: Feb 2013
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Hearsay still trying to sell this Grade A project. 7 years still under con.
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Nov 18 2025, 05:44 AM
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#7
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All Stars
12,522 posts Joined: Feb 2013
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QUOTE(danielcmugen @ Nov 17 2025, 09:15 AM) I contacted an agent, yes still got units left. Price comparable to the nearby Stellaris. From the earlier posts here, construction probably started during covid time, where got 7 years. Can refer back to the start of the thread. Anyway How many projects u know start construction during covid now still not complete?? Care to share any latest construction pics or exactly when can handover?? |
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Yesterday, 03:48 PM
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#8
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All Stars
12,522 posts Joined: Feb 2013
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Owner's should be scared if ever completed or another white elephant
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