Tuesday 10 May 2016

PKNS seals 60-year land lease agreement with Lam Soon

The Selangor State Development Corporation (PKNS) has signed a 60-year land lease agreement with Lam Soon Edible Oil (M) Sdn Bhd to develop offices, warehouses and research and development centres over 9.68 ha land at Selangor Cyber Valley, Sepang. It will be the 11th township with GDV of RM16.9 billion to be developed by PKNS in Sepang. Lam Soon will pay about RM76.9 million to lease the land from PKNS.

(The Star, 13/04/2016)

Melati Ehsan buying Selayang land for RM77.7 million

Bayu Melati Sdn Bhd, wholly-owned subsidiary of Melati Ehsan Holdings Bhd (MEHB) is acquiring three parcels of leasehold land measuring a total of 37,078 sq meter in Bandar Selayang for RM77.74 million cash from Aturan Utama Sdn Bhd. The land is proposed to be developed into a mixed project and the purchase price could be reduced to RM70 million if it required to build affordable homes under the “Rumah SelangorKu” scheme.

(The Sun, 18/04/2016)

Majestic Development Sdn Bhd and Univas Sdn Bhd agree to extend completion period of Semenyih land buy

In July 2014, Eco Majestic Development had entered into a share sale agreement to acquire 199.37 hectares in Beranang, Semenyih for RM225.33 million from Univas (Far East) Sdn Bhd. Both parties have agreed to extend the completion period to three month from a month previously upon the expiry of the completion period.

(iProperty, 21/04/2016)