KUALA LUMPUR: GUH Holdings Bhd will undertake a mixed development project in Seberang Perai, Penang, with a gross development value of RM238 million, after its wholly-owned unit acquired a 99.46% stake in the firm holding the 46-acre (18.6ha) freehold land. “We are confident the proposed development on the land will be well received due to its strategic location and growing demand for affordable housing in mainland Penang,” GUH said in a filing with Bursa Malaysia yesterday. — by Jeffrey Tan
This article first appeared in The Edge Financial Daily, on May 20, 2014.
SHARE
TOP PICKS BY EDGEPROP
SALE
FEATURED
Bandar Puteri Puchong
Bandar Puteri Puchong, Selangor
RM 4,960,000
5 beds |
5 bath |
4500 sqft
SALE
FEATURED
Elmina Green Three @ City of Elmina
Sungai Buloh, Selangor
RM 799,000
4 beds |
4 bath |
2262 sqft