OSK Property buying land in Shah Alam for RM15mil

By THE STAR PETALING JAYA: OSK Property Holdings Bhd is buying two leasehold commercial land in Shah Alam from Kuala Dimensi Sdn Bhd for RM15.19mil. OSK Property is acquiring via, unit Ribuan Ekuiti Sdn Bhd, the two land measuring 6,535 and 5,225 sq m, respectively, in Bandar Shah Alam. Ribuan Ekuiti, which is principally involved [...]


Malaysia’s industrial land prices rise to unreasonable levels

By THE STAR LaBrooy: ‘I can’t find land for RM20 per sq ft here unless it is a swamp.’ KUALA LUMPUR: “Chronic” speculation has driven up prices of industrial land to outstrip even that of some advanced Western countries, said Malaysian Real Estate Investment Trust (REIT) Managers Association chairman Datuk Stewart LaBrooy. Citing an example, [...]


Tycoon Robert Kuok’s record payment for land in Johor is talk of the town in M’sia-S’pore

By THE STAR PETALING JAYA: The price that tycoon Robert Kuok is paying for a piece of 5.06ha freehold land in Puteri Harbour, Johor, has become the talk of the town and even across the causeway, where the Singaporean media is hailing it as the “new price benchmark” in Nusajaya. The views on the transaction [...]


PNSB: Dijaya land deal legal

By BUSINESS TIMES PETALING JAYA: State-owned Permodalan Negeri Selangor Bhd (PNSB) has stressed that its RM1.3 billion deal to sell 474.29ha in Canal City, Selangor, to Dijaya Corp Bhd is legal. PNSB chief executive officer Datuk Ahmad Omar said the sale and purchase agreement is valid even though it was signed after the Parliament and [...]


Dijaya buys land for RM1.3bil to build self-contained township in Canal City, Selangor

By THE STAR PETALING JAYA: Property developer Dijaya Corp Bhd has acquired 474.29ha of prime development land in Canal City, Selangor, earmarked for an integrated self-contained township development, for RM1.3bil. The company told Bursa Malaysia that it had entered into an agreement to acquire the land from Permodalan Negeri Selangor Bhd (PNSB) via a deferred [...]


SP Setia: KL land buy completed at RM294.97mil

By THE STAR PETALING JAYA: SP Setia Bhd has completed the acquisition of a freehold land measuring 12,456 sq m in Kuala Lumpur for RM294.97mil. “The board of SP Setia is pleased to announce that the proposed acquisition has been completed,” it told Bursa Malaysia. The company announced in December last year that its subsidiary, [...]