Serviced Apartment/Student Hostel
- Role: Court Appointed Liquidator
- Appointment as liquidator: Our director was appointed by the High Court as the liquidator for the developer of a serviced apartment block in Subang Jaya, Selangor. This involved assuming control of the developer's assets and managing its affairs during liquidation.
- Sale and leaseback arrangement: Continued the student hostel operations under a sale and leaseback arrangement to accommodate an educational institution. This likely involved negotiating the terms of the arrangement, managing the transition of ownership, and ensuring continued operations of the hostel. Continued the student hostel operations under a sale and leaseback arrangement to accommodate an educational institution. This likely involved negotiating the terms of the arrangement, managing the transition of ownership, and ensuring continued operations of the hostel.
- Application for strata titles: Initiated the application for strata titles for the building. This process involves coordinating with relevant authorities, submitting necessary documentation, and ensuring compliance with legal requirements. Once the titles are issued, the next step will be to transfer the titles to the individual owners, which involves legal and administrative processes.