LBS Bina sells Johor Bahru land for RM110 million
The sale covers one leasehold parcel (expiring in 2099) and one freehold parcel, both currently vacant.
The sale covers one leasehold parcel (expiring in 2099) and one freehold parcel, both currently vacant.
Taghill—formerly known as Siab Holdings Bhd—said its units Siab (M) Sdn Bhd (SMSB) and Siab Construction Sdn Bhd (SCSB) are seeking to reorganise their debts and business operations “to better serve the interests of creditors under court supervision, safeguard employment and enable a more advantageous realisation of assets compared to a winding-up scenario”.
Construction on the Shah Alam apartment will begin on Nov 17, 2025 and is expected to take 34 months.
Central region already benefits from an established network of suppliers, logistics providers, testing laboratories, higher-learning institutions, and innovation partners.
Meanwhile, the industrial segment also delivered strong growth, bolstered by Sunway REIT Industrial—Prai, which was acquired in October 2024.
The notice of application was filed with the Shah Alam High Court on Nov 6 by the landowner, Subramaniam Seenivasagam.
Sime Darby Property group managing director and CEO Datuk Seri Azmir Merican: We are grateful.
Mah Sing said it believes the land price is reasonable given its prime location, potential gross development value, and contribution to expanding the group’s presence in Penang.
With an estimated GDV of RM212 million, Armanee comprises 258 units of two-storey terrace homes priced from RM690,000 with built-ups ranging from 1,810 to 2,254 sq ft, each featuring four bedrooms and four bathrooms.
The diversified group, which also distributes Honda vehicles in Malaysia, has inked agreements with Boon Siew Sdn Bhd, a company owned by the Loh Family, to acquire Bayview Beach Resort Penang for RM167 million and Bayview Hotel Georgetown for RM153 million.