A property project in Puncak Jalil. Geneba Dua, a 65:35 JV between Sunway and a private company called Monty Properties, plans to venture into a high-end residential property project comprising terrace and semidetached houses with a total GDV of RM120m on land parcels measuring a total of 16.9 acres in Puncak Jalil, Selangor. We understand from sources that Monty Properties is the “beneficial owner” of the land, and the land will be sold to the JV company in a later stage. For a start, Sunway and Monty Properties will each pump in equity amounting to RM3.9m and RM2.1m respectively to the JV company.
Sunway Holdings Berhad : To Embark On A Property Project In Puncak Jalil-12/04/2010
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