news

Dijaya buys Selangor land for township project

KUALA LUMPUR (April 16, 2013): Sapphire Index Sdn Bhd, a wholly-owned subsidiary of Dijaya Corporation Bhd, has entered into a sale and purchase cum development agreement for 11 parcels of leasehold land in Selangor for a cash consideration of RM1.297 billion.

In its filing to Bursa yesterday, Dijaya said Sapphire's agreement was with Menteri Besar Selangor (Incorporated)and Permodalan Negeri Selangor Bhd for the 474.3 hectares (1,172 acres) land in an area previously known as "Canal City", in Kota Kemuning.

The proposed acquisition is in line with the Group’s strategy to acquire and continue to expand its existing landbank, which currently stands at about 323 hectares (800 acres).

Dijaya plans to develop a township in the area.- Bernama

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