Bertam Alliance expects net gain of RM80m from land sale

PETALING JAYA: Property company Bertam Alliance Bhd expects to record a one-off net gain of RM79.84mil from the sale of two parcels of freehold land in Cheras to a unit of Guocoland (M) Bhd for RM128mil.

Bertam said in a stock exchange filing that a sale and purchase agreement had been signed with Guocoland to dispose of two parcels of land at Batu 9, Cheras, measuring a total of 4.8ha.