Selangor Dredging to buy KL land

Posted on | July 31, 2007



By BUSINESS TIMES

SELANGOR Dredging Bhd plans to buy a piece of freehold land measuring 4,117 sq m in Kuala Lumpur for RM29.5 million to increase its landbank for future development. The purchase will be funded by internal funds, bank borrowings or a combination of both. Selangor Dredging believes that the property’s location within the boundaries of Dewan Bandaraya Kuala Lumpur and Kuala Lumpur City Centre (KLCC) is attractive in view of its location and exclusive neighbourhood surroundings.


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