news

UEM Sunrise sells Mersing land for RM45m to Lagenda Properties

KUALA LUMPUR (July 2): UEM Sunrise Bhd said it has sold three parcels of freehold agriculture land in Mersing, Johor to Lagenda Properties Bhd for RM45.1 million.

This translates to RM2.4 per sq ft for the plots measuring 431.1 acres.

In a bourse filing, UEM Sunrise said its indirect wholly-owned subsidiary Sunrise Mersing Sdn Bhd has entered into agreements with Lagenda Mersing Sdn Bhd, a wholly-owned subsidiary of Lagenda Properties, for the disposal.

This is not the first time UEM Sunrise has sold land to Lagenda Properties. In August last year, it sold 623.1 acres of land in Tapah, Perak for RM29.9 million.

UEM Sunrise’s share price closed 0.5 sen or 1.25% lower at 39.5 sen, for a market capitalisation of RM2 billion.

Lagenda’s share price closed unchanged at RM1.27 today, valuing the group at RM1.04 billion.

Get the latest news @ www.EdgeProp.my

Subscribe to our Telegram channel for the latest stories and updates 

Click here for more property stories

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE
RELATED POSTS
  1. Kerjaya Prospek secures RM126.1m contract from UEM Sunrise for residential development project in Petaling
  2. Three localities in Perak, Pahang to come under EMCO from Sunday
  3. Over 14,000 affordable homes built in Perak