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 Sunway Desa Sri Hartamas

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IronManz
post 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.
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Interesting find, Ben

https://www.freemalaysiatoday.com/category/...bursa-scrutiny/
IronManz
post May 27 2023, 10:15 PM

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QUOTE(tlc7 @ May 27 2023, 10:42 AM)
1000 psf
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Hartamas Wellness City?
https://www.businesstoday.com.my/2023/05/16...t-for-hartamas/
IronManz
post 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.
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Watching this space closely
IronManz
post 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.
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How long does the process usually take?
IronManz
post 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.
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Ok, have to wait a bit more before we see a new Sunway launch
IronManz
post Jun 15 2023, 06:23 AM

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QUOTE(edkhan26 @ Jun 15 2023, 12:55 AM)
Sunway projects ultra boring. Same colors must be red somewhere, design muat be similar to velocity, boring
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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?
IronManz
post Jun 16 2023, 08:55 AM

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QUOTE(bennomin @ Jun 15 2023, 06:51 PM)
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 😩😫)
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Am considering from own stay viewpoint.
Good to hear from investors' perspective too.

 

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