Sapura Industrial to sell freehold land in Seremban for RM24.72m cash
The land was valued at RM25 million by Raine & Horne International Zaki + Partners Sdn Bhd on Nov 19, and was originally bought for RM16.
The land was valued at RM25 million by Raine & Horne International Zaki + Partners Sdn Bhd on Nov 19, and was originally bought for RM16.
The sale “highlights the strong market demand for our high-specification facilities and the institutional-grade nature of our industrial parks”.
The scope of works includes earthworks, soil treatment and ancillary site preparation activities for the new industrial project in Ijok.
The property comprises about 72,356 sq ft of land, with an additional 23,357 sq ft of extra land, and a gross floor area of about 33,350 sq ft.
Ann Joo said developing its land into an industrial park makes it more attractive and valuable than selling it directly.
Sarawak Premier Tan Sri Abang Johari Tun Openg said the move was informed by lessons drawn from the successful development of the Suzhou Industrial Park in China, following a recent engagement with its administrative authority during a working visit to the city.
The project includes 22 units of 1.
The IOI Properties industrial development marks a major expansion into sustainable, power-ready industrial real estate as Selangor prepares for 2026 growth.
PGB plans to allocate the proceeds toward disposal-related expenses, partial repayment of bank borrowings and working capital.
“They only want fully-prepared industrial sites.