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.

Chill bro.

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

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.

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

It’s currently surrounded by YNH banners.

Yes boss can store bullets now.

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.

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.

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 😩😫)

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.

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.

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.