According to analysts, Huayang proposed to acquire 2 parcels of land measuring 4.9 acres & 3.14 acres for total cash of RM31 million, even though Huayang just made official announcement on one of the parcel (4.9 acres) through Bursa Malaysia.
Land 2 has residential title and will only made available in early 2016.
After this acquisition, Huayang's outstanding GDV will increase by 11% to approximately RM3.1bil.
Ivory has earlier launched the second phase of its BM project which was a luxury condominium called Aston Park. However, this project was quietly disposed to another lesser-known developer with its project name changed to Aston Vista.
- Seri Jaya condo (completed)
- BM Residence (Tambun Indah - completed)
- BM City (U/C)
- Aston Vista
- SkyVilla (Sunway Wellesley)
- BM Park Lane
- Dutamas Residence
- Sentosa Residence
- Berjaya Condominium (U/C)
- Casa Residence
- Spectrum Residence
- 79 Residence (U/C)
- Prominence (U/C)
The land is also located next to Aston Heights which is a luxury gated & guarded landed residential project.