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.

and then

Chill bro.

Details & informations are yet to revealed. Let’s wait for Sunway to make announcement in the months/ year to come. Haha.

1000 psf

Interesting find, Ben

https://www.freemalaysiatoday.com/category/...bursa-scrutiny/

Hartamas Wellness City?
https://www.businesstoday.com.my/2023/05/16...t-for-hartamas/

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.

which land, the beside signature one or the one opposite optimax?

next to signature

You can see from the roadside otw to mont kiara and penchala link.

It’s currently surrounded by YNH banners.

Watching this space closely

Yes boss can store bullets now.

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?

Yes due to the funny request by YNH on changing the plot ratio.

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

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

Interesting comment, but it's true that boringness should also be considered though not as crucial as quality and reliability for a condo.
Which developer's designs are not as boring? Exsim?

Design can be quite subjective. Maybe that could be one of the design elements for every sunway development.

From investor point of view, design is secondary most importantly is entry price that directly affect cap appreciation and rental yields.

If wanna have something special, can go get arte Solaris. (Haha everything come with a price in a long run ie maintenance fees 😩😫)

Am considering from own stay viewpoint.
Good to hear from investors' perspective too.

Well said.

Recently, there’s another land dispose by Rapid Synergy to “Exsim” which is quite close to land sold by YNH to Sunway.

Would be an exciting spots for development in the years to come.

Question then is in an ultra competitive high end market like MK/ Sri Hartamas can Sunway deliver the goods to stand out amongst the score of other developers? They have always been prized because of practicality and predictability.

I think as Sunway is already one of the top developers, plenty of condos under their belt, should be no problem competing in MK and selling well, especially to investors who are conservative and risk averse.

Yes agree on that.

Pricing need to be competitive as they often add premium to their branding and profile as branded master community developer.

Hear say that they will launch it in 2026.

What do you think the launch price will be? 1million? how many sqf?

Good questions. That would depend the plot ratio they’re getting from the purchase from YNH.

As YNH is currently in the process of applying a higher plot ratio from local authorities. If I’m not mistaken, Sunway will pay extra 50mil if YNH manage to get a higher plot ratio for this piece of land. Thus, psf they’re asking would depend on the cost they’re acquiring the land based on the plot ratio.

Good example of SV3, higher plot ratio hence lower psf. That could be applicable to Desa Sri Hartamas as well. Most likely to be TOD with proposed mrt 3 station nearby.

Not much news updated. From the previous articles, they should be signing the SPA end of this year…however no news yet.