KUALA LUMPUR: UEM LAND HOLDINGS BHD [] is buying two parcels of agricultural land from INCH KENNETH KAJANG RUBBER PLC [] for RM268.5 million to be developed into a township in Bangi, Selangor.
UEM Land had on Monday, dec 6 announced its proposal to buy the 463.51 acres of land in Semenyih, Selangor for a cash consideration of RM13.30 per square foot.
The indicative market valuation of the land as appraised by Messrs Raine and Horne International Zaki + Partners Sdn Bhd'' was of RM248.3 million or RM12.30 per sq ft.
UEM Land had stated "the scale of the Bangi land, with a total land area in excess of 450 acres, would provide the opportunity for UEM Land to develop a comprehensive and integrated township".
UEM Land had on Monday, dec 6 announced its proposal to buy the 463.51 acres of land in Semenyih, Selangor for a cash consideration of RM13.30 per square foot.
The indicative market valuation of the land as appraised by Messrs Raine and Horne International Zaki + Partners Sdn Bhd'' was of RM248.3 million or RM12.30 per sq ft.
UEM Land had stated "the scale of the Bangi land, with a total land area in excess of 450 acres, would provide the opportunity for UEM Land to develop a comprehensive and integrated township".
No comments:
Post a Comment