Mah Sing says all conditions fulfilled for RM392m land acquisition in Hulu Langat
The acquisition, which involves a total purchase consideration of RM392.
The acquisition, which involves a total purchase consideration of RM392.
MGB said the contract is for the development of two blocks of D’Island Residence service apartments, along with related facilities.
The first phase will have a gross development value of RM52 million and consists of a total of 35 double-storey linked villas.
The group’s Iskandar Malaysia projects outperformed strongly with RM723 million sales achieved, representing 57% of total year-to-date sales.
The company has reported an unaudited profit before tax of RM19.
Following the distribution of RM144 million dividend during the first quarter of FY2024, the group still has a net cash balance of RM211 million as at Jan 31, 2024.
The latest acquisition comes shortly after the international freight services provider's announcement in January that it was buying 5.
DONE DEAL: Terrace house, Temasya Glenmarie, Selangor DONE DEAL: Condominium, Bukit Ceylon, Kuala Lumpur Industrial real estate has probably been the most stable sector over the last couple of years.
Kelington chief executive officer Raymond Gan said the parcel of land’s convenient proximity to the group’s LCO2 manufacturing plant will streamline operations in the future.
BioValley is anticipated to generate an estimated gross development value of RM980 million, and will complement IBTEC’s existing data centre campus and its forthcoming smart logistics and manufacturing, and artificial intelligence (AI) hubs.