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Sunway Desa Sri Hartamas
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TSbennomin
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 May 27 2023, 10:33 AM, updated 2y ago
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KUALA LUMPUR (May 25): YNH Property Bhd’s land deal with Sunway Group Bhd seems to have hit a stumbling block as Bursa Securities has raised more questions on the transaction.
On May 16, YNH Property announced that it was disposing of a piece of land measuring 5.09 acres in Desa Sri Hartamas to Sunway’s wholly-owned subsidiary Sunway Living Space Sdn Bhd for RM170 million cash.
However, it was issued with the first query by Bursa Securities which had 26 questions, to which it replied on May 19.
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Aaron212
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May 27 2023, 10:34 AM
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and then
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TSbennomin
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May 27 2023, 10:40 AM
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QUOTE(Aaron212 @ May 27 2023, 10:34 AM) Chill bro. Details & informations are yet to revealed. Let’s wait for Sunway to make announcement in the months/ year to come. Haha. |
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tlc7
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May 27 2023, 10:42 AM
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Getting Started
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1000 psf
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IronManz
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May 27 2023, 10:13 PM
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QUOTE(bennomin @ May 27 2023, 10:33 AM) KUALA LUMPUR (May 25): YNH Property Bhd’s land deal with Sunway Group Bhd seems to have hit a stumbling block as Bursa Securities has raised more questions on the transaction. On May 16, YNH Property announced that it was disposing of a piece of land measuring 5.09 acres in Desa Sri Hartamas to Sunway’s wholly-owned subsidiary Sunway Living Space Sdn Bhd for RM170 million cash. However, it was issued with the first query by Bursa Securities which had 26 questions, to which it replied on May 19. Interesting find, Ben https://www.freemalaysiatoday.com/category/...bursa-scrutiny/ |
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IronManz
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May 27 2023, 10:15 PM
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OceanMonster
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May 27 2023, 11:42 PM
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Getting Started
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This piece of land is super strategic. Hope Sunway can link up Sri hartamas and Mont kiara using this piece of land.
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TSbennomin
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May 27 2023, 11:45 PM
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QUOTE(OceanMonster @ May 27 2023, 11:42 PM) This piece of land is super strategic. Hope Sunway can link up Sri hartamas and Mont kiara using this piece of land. Hi yes I do agree with that. Considering the distance between this piece of land to Garden International school is still consider walkable if they construct a pedestrian walkway. I believe it’ll be TOD if the mrt 3 Desa Sri Har tamas is nearby the site. If price below 1000psf, park first. Hope Sunway don’t disappoint us. |
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aaron1717
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Jun 13 2023, 10:51 AM
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which land, the beside signature one or the one opposite optimax?
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A.B.D.
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Jun 13 2023, 03:14 PM
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next to signature
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TSbennomin
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Jun 13 2023, 10:27 PM
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QUOTE(aaron1717 @ Jun 13 2023, 10:51 AM) which land, the beside signature one or the one opposite optimax? You can see from the roadside otw to mont kiara and penchala link. It’s currently surrounded by YNH banners. |
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IronManz
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Jun 13 2023, 11:10 PM
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QUOTE(bennomin @ Jun 13 2023, 10:27 PM) You can see from the roadside otw to mont kiara and penchala link. It’s currently surrounded by YNH banners. Watching this space closely |
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TSbennomin
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Jun 14 2023, 08:31 PM
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QUOTE(IronManz @ Jun 13 2023, 11:10 PM) Watching this space closely Yes boss can store bullets now. |
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eimajz
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Jun 14 2023, 08:35 PM
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Getting Started
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Bursa query this transaction may not proceed or go through if YNH don’t explain properly to regulators.
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IronManz
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Jun 14 2023, 11:39 PM
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QUOTE(eimajz @ Jun 14 2023, 08:35 PM) Bursa query this transaction may not proceed or go through if YNH don’t explain properly to regulators. How long does the process usually take? |
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TSbennomin
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Jun 14 2023, 11:42 PM
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QUOTE(eimajz @ Jun 14 2023, 08:35 PM) Bursa query this transaction may not proceed or go through if YNH don’t explain properly to regulators. Yes due to the funny request by YNH on changing the plot ratio. |
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TSbennomin
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Jun 14 2023, 11:43 PM
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QUOTE(IronManz @ Jun 14 2023, 11:39 PM) How long does the process usually take? According to articles I red, if anything smooth the deal will be completed by end of 2023 or latest by 1st quarter of 2024. |
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IronManz
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Jun 14 2023, 11:48 PM
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QUOTE(bennomin @ Jun 14 2023, 11:43 PM) According to articles I red, if anything smooth the deal will be completed by end of 2023 or latest by 1st quarter of 2024. Ok, have to wait a bit more before we see a new Sunway launch |
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TSbennomin
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Jun 14 2023, 11:49 PM
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QUOTE(IronManz @ Jun 14 2023, 11:48 PM) Ok, have to wait a bit more before we see a new Sunway launch Anyhow I guess we won’t see it launch that soon in these 2 years. Earliest by 2025 if economy revive as expected. If there’s a downturn, it may only be on the market in 2026/2027. |
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edkhan26
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Jun 15 2023, 12:55 AM
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QUOTE(bennomin @ Jun 14 2023, 11:49 PM) Anyhow I guess we won’t see it launch that soon in these 2 years. Earliest by 2025 if economy revive as expected. If there’s a downturn, it may only be on the market in 2026/2027. Sunway projects ultra boring. Same colors must be red somewhere, design muat be similar to velocity, boring |
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