• The 17 lots of land are located in Mukim Batang Padang and Mukim Bidor. Out of the 1,776.63 acres, 13% (226 acres) are unused lands, while the balance of 1,550 acres covers 500 acres of farmland, 450 acres of old oil palm plantations, and 500 acres of newly planted oil palm plantations.

KUALA LUMPUR (Dec 2): Sunsuria Bhd 65%-owned indirect subsidiary Tapah Land Development Sdn Bhd has entered into three agreements to acquire 17 pieces of leasehold lands in Perak.

According to a press release by Sunsuria, under the three sales and purchase agreements with Symphony Hills Sdn Bhd, Tapah Land Development has proposed the acquisition of approximately 1,776.63 acres of the lands for a total purchase consideration of approximately RM75.5 million.

The 17 lots of land are located in Mukim Batang Padang and Mukim Bidor. Out of the 1,776.63 acres, 13% (226 acres) are unused lands, while the balance of 1,550 acres covers 500 acres of farmland, 450 acres of old oil palm plantations, and 500 acres of newly planted oil palm plantations. They are currently agriculture land but zoned for mixed residential and commercial.

“This proposed acquisition represents an opportunity for Sunsuria Group to expand its existing property development activities to the District of Batang Padang, Perak and to tap into a new area of west coast Malaysia, as it is a strategic location between Ipoh and Kuala Lumpur.

“The move will further expand the land banks of Sunsuria Group for potential future development and will enable the group to leverage on its successful business model of providing affordable and quality landed properties,” stated the developer.

“The development of these lands will also improve temporary access to the local community, effectively creating jobs and business opportunities for the local economy,” it added.

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