UEM Land sells 19.9 acres of Johor land for RM6.53m

KUALA LUMPUR: UEM Land Holdings Bhd (UEM Land) sold 19.998 acres of land in Johor Bahru to Medini Iskandar Malaysia Sdn Bhd for RM6.53 million, the group announced on Tuesday, Nov 30.

The sale was done via UEM Land's wholly-owned subsidiaries Nusajaya Greens Sdn Bhd (the registered proprietor) and Bandar Nusajaya Development Sdn Bhd (the vendor).

The land forms part of the land areas designated for open space and infrastructure reserves in the Nusajaya Development Master Plan. It was purchased by UEM Land via Bandar Nusajaya Development for RM1.85 million between May 1994 and June 1995.

The group stated that Medini intends to construct a water supply reservoir, suction tank, pump house and retention pond, after which the land and facilities will be surrendered to the Johor State Government.