S P Setia buys fourth piece of Melbourne land for RM30mil

PETALING JAYA: Developer S P Setia Bhd has acquired its fourth piece of land in Melbourne, Australia, for AU$10mil (RM29.89mil).

The group said the highly sought-after 850-square-metre land, which is located 4.5km southeast of the Melbourne Central Business District (CBD), has an estimated gross development value (GDV) of AU$38mil (RM113.6mil).