Thursday, 5 June 2014

Pantai Sentral Park by Ijm & Amona

IJM Land Bhd is undertaking a property development via a joint venture with Amona Development Sdn Bhd in the Kerinchi/Pantai Dalam corridor here.

Pantai Sentral is destined to be one of Klang Valley’s choice locations in view of its proximity to Kuala Lumpur city centre and the prime neighbourhood of Bangsar, Damansara Heights, Pantai, Old Klang Road, Bangsar South City, KL Gateway, KL Eco City, Mid Valley City, KL Sentral and the future Setia Federal Hills and The Establishment KL.

Murni Lapisan Sdn Bhd (IJM) had inked a JV agreement with Amona to develop about 234,000 square metres of leasehold land. The joint venture shall be known as Amona-Murni Lapisan JV. Under the JV, Amona and Murni Lapisan would make available funds in proportion to the profit sharing ratio of 60:40 to pay for all costs of the project. This would include payments to Datuk Bandar, comprising of the project land value and the minimum guaranteed profit of RM331mil, or RM391 million for the project land value and the minimum guaranteed profit if project land value to be paid within three years from the date of the PA; and the additional profit of 20% of the difference between the actual profit and the minimum guaranteed profit.

Pantai Sentral Park by Ijm & Amona

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