PETALING JAYA: Sunway Bhd
stands to benefit from the proposed move to allow the conversion of properties under a private lease scheme (PLS) to freehold in Medini, Iskandar Puteri, Johor Baru, due to its substantial landbank in the area, says Hong Leong Investment Bank (HLIB) Research.
“It was reported that Iskandar Investment Bhd (IIB) is offering buyers and developers in Medini the option to convert properties under the PLS to freehold status, with premiums of RM8 per gross floor area for undeveloped land and RM10,000 per unit for completed properties.
