According to Protasco, the sale was owing to its expectation that demand for developed properties will remain weak in the coming years, owing to a slowdown in the property market and economy. (File pic shows Protasco's Decentrum City)
PETALING JAYA: Protasco Bhd
’s unit Sun Rock Development Sdn Bhd has entered into a contract to dispose of three pieces of commercial land to NSK Property Sdn Bhd for RM16.72mil cash.
The land in question is located in Johor Baru and totals about 2.7ha.
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