Thriven buys apartment land in Penang for RM21mil

Property News/ 23 September 2022 Leave a comment


Thriven Global Bhd is acquiring 4,700 sq metres of freehold land in Butterworth that has been approved for the development of serviced apartments.

The group’s subsidiary, Bukit Punchor Development Sdn Bhd, is buying the land from Star Sanctuary Land Sdn Bhd for RM21 million, the property developer said in a bourse filing.

Of the sum, RM13.88 million will be set-off against the payment to be made by Star Sanctuary to Mayfair Ventures Sdn Bhd, another subsidiary of Thriven.

This is in respect of Star Sanctuary’s purchase of 12 units of service apartment and one SoHo (small office, home office) in Lumi Tropicana, Petaling Jaya from Mayfair.

Thriven said the acquisition is expected to be completed within three months and is expected to contribute positively to the future earnings of the group.

Thriven’s share price closed unchanged at 13.5 sen on Thursday (Sept 22), bringing it a market capitalisation of RM73.8 million.

Source: EdgeProp.my

  1. Surprise+Me
    September 24th, 2022 at 10:51 | #1

    next to highway hahaha……
    Service apartment hahaha……
    Motorbike racing boom boom boom…….hahahahaha…….

  2. Property Hunter
    September 24th, 2022 at 21:16 | #2

    Good location to invest after check on Google Map.
    How to register as early bird buyer?

  3. Hutan Boy
    September 24th, 2022 at 21:29 | #3

    Hey, follow me stay inside Hutan.
    Tak Lak Motorbike racing boom boom boom…..hahahahahahahahahahahaha……….

(You can also Login/Register to submit your comment using unique ID)

Comment Guidelines
  • Avoid political discussion.
  • Comments with inappropriate wordings or personal attack may be moderated or deleted.
  • Developer must register before comment. All anonymous comments claimed to be from developer without registration will be deleted.
  • All advertisement in the comment will be deleted. Please contact us for advertising details.

To advertise your property in this page under "Related Properties for Sale/Rent":
 1. Submit your property at PenangPropertySale.com, it's FREE!
 (Please do not advertise your property in the comment)