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%