(The Edge Property, 10/06/2016)
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Wednesday 13 July 2016
Magna Prima to buy Shah Alam land for condo project
Magna Prima Bhd’s has entered into a conditional sale and purchase agreement with Regalia Raintree Sdn Bhd, to buy a piece of leasehold land measuring 5.25 acres in Bandar Shah Alam, Selangor for RM43 million. The company plans to develop The View Residence, comprising 3 blocks of 15-storey condominiums, with a total of 315 units, 5 units of shop offices and 953 parking bays. Total estimated gross development value is RM220.81 million, with the gross development cost of RM180.69 million will give them gross profit of RM40.12 million.
(The Edge Property, 10/06/2016)
(The Edge Property, 10/06/2016)
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