SDB Prop buys Gombak land for RM35m

KUALA LUMPUR (Mar 16): Selangor Dredging Bhd's wholly-owned SDB Properties Sdn Bhd has signed an agreement with Superior Dignity Sdn Bhd to buy three parcels of leasehold land for RM34.5 million.

The land in Tempat Kampung Klang Gates Baru, Mukim Hulu Kelang, Gombak, is part of the group's ongoing effort to add suitable landbank, it said. The acquisition is expected to be completed by the second quarter of FY ending March 31, 2013.

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.