KUALA LUMPUR: MAH SING GROUP BHD [] has proposed to acquire 10.95 acres of land in Damansara, Selangor for cash consideration of RM31.86 million.
The company said on Friday, July 9 its unit Mestika Bistari Sdn Bhd had entered into a sale and purchase agreement with Azeera PROPERTIES [] (M) Sdn Bhd to acquire the freehold land for RM31.86 million or about RM67 per sq ft.
"The land will be developed into an industrial development to be named i-Parc3@Bukit Jelutong with an estimated gross
development value of approximately RM82 million," it said.
The land is within the Bukit Jelutong Business and TECHNOLOGY [] Park that has double frontage onto Jalan Subang Lama and Jalan Montfort.
The company said on Friday, July 9 its unit Mestika Bistari Sdn Bhd had entered into a sale and purchase agreement with Azeera PROPERTIES [] (M) Sdn Bhd to acquire the freehold land for RM31.86 million or about RM67 per sq ft.
"The land will be developed into an industrial development to be named i-Parc3@Bukit Jelutong with an estimated gross
development value of approximately RM82 million," it said.
The land is within the Bukit Jelutong Business and TECHNOLOGY [] Park that has double frontage onto Jalan Subang Lama and Jalan Montfort.
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