KUALA LUMPUR (July 3): Selangor Dredging Bhd (SDB) announced yesterday its associate company plans to buy 17 parcels of adjacent properties in the prime District 13 in Singapore for S$60.26 million (RM177.95 million), where the latter intends to develop exclusive mid-rise apartments.
In a filing with Bursa Malaysia yesterday, SDB said Tiara Land Pte Ltd, a wholly-owned subsidiary of Champsworth Development Pte Ltd, which is a 50% associate company of SDB International Sdn Bhd, which is in turn a wholly-owned subsidiary of SDB, has accepted options to acquire the properties which are close to Potong Pasir MRT, Woodleigh MRT and Boon Keng MRT.
This article first appeared in The Edge Financial Daily, on July 3, 2018.
For more stories, download EdgeProp.my pullout here for free.
TOP PICKS BY EDGEPROP
Apartment Tanjung Puteri Resort
Pasir Gudang, Johor
Kawasan Perusahaan Telok Mengkuang
Telok Panglima Garang, Selangor
Casa Idaman, Setia Alam
Setia Alam/Alam Nusantara, Selangor
Pearl Suria
Jalan Klang Lama (Old Klang Road), Kuala Lumpur
Residence 33 @ Kota Kemuning
Shah Alam, Selangor
Tropicana Indah (Damansara Indah Resort Homes)
Tropicana, Selangor