The development company was sold to an investor, who subsequently went into a joint venture with Sunrise Berhad. The JV immediately caused a revaluation of the land by more than 80%.

Opportunity arose for Allstones and its partner to realise and enjoy an immediate return instead of continuation with the development.

  • Location: Mont Kiara, Kuala Lumpur
  • Development Type: 176 units of high end condominiums
  • Investment Duration: May-Dec 2004
  • IRR Achieved: > 500%