BY SHARANPAL SINGH RANDHAWA
KUALA LUMPUR: Majlis Amanah Rakyat (Mara) will not hesitate to sell the four Melbourne properties purchased by its investment arm Mara Inc. if the right offer comes along, says Tan Sri Annuar Musa (pic).
The Mara chairman said there were no problems with selling the properties as they had been purchased for investment.
“The purchase of the properties was for investment and if we have a willing buyer who wants to buy them at a higher price, then we will sell,” he told a press conference at Mara headquarters on Wednesday.
Citing the example of Atelier apartments in London, Annuar said Mara had decided to sell that property after it was confirmed that it would yield a profit.
“If we can decide to sell Atelier then why not other properties including those in Melbourne? We will sell if we can obtain a profit but it has to be according to procedure,” he said.
The four Melbourne properties were at the centre of a controversy following allegations that Mara Inc. had overpaid a total of RM129mil for them.
