A SECOND tender exercise for 270 properties of various types, with an indicative value (IV) of almost RM700 million, is being called by Prokhas Sdn Bhd.
Prokhas Sdn Bhd, which was appointed to manage and recover Pengurusan Danaharta Nasional Bhd’s residual assets, will launch a property tender with an indicative value of about RM400 million.
If you're about to sign a Sale and Purchase Agreement for a property, you'd be doing yourself a disservice by not first taking a look at what Prokhas Sdn Bhd, an agency of the Minister Finance Inc, has in store in its ongoing nationwide property tender that draws to a close on Aug 14.
Value-adding by refurbishing properties and nursing them back to peak values is one of the endeavours of Prokhas Sdn Bhd, the agency of the Minister of Finance Inc assigned to market the residual properties asset management company Pengurusan Danaharta Nasional Bhd.
PROKHAS SDN BHD, a wholly-owned subsidiary of Minister of Finance, Inc, has entered into management agreements with Pengurusan Danaharta Nasional Bhd, danaharta Urus Sdn Bhd and Danarta Mangers Sdn Bhd to professionally manage their residual assets as of Jan 1.
A whopping RM23 billion — that is the estimated cost incurred by the government and banks in cleaning up the entire banking system in the aftermath of the 1997-1998 financial crisis.