Ireka to buy Kajang land

Posted on | September 9, 2011

By BUSINESS TIMES

IREKA Corp Bhd, a property developer, plans to buy a parcel of freehold land in Kajang for RM22.43 million cash.

The land, measuring 83,339 sq metres, is located within the Bukit Angkat Industrial Zone and is intended for a gated and guarded mixed-use industrial development, said Ireka in its filing to Bursa Malaysia yesterday.

“The concept for this development is in the preliminary stage, no submissions have been made to the authorities yet.

The total development cost and expected profits will be determined after the development order has been obtained at a later stage,” it said.

- Malaysia Property News

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