Hunza acquires freehold land in Penang for RM57mil


PETALING JAYA: Hunza Properties Bhd is buying 9.7 acres of freehold land in Penang for RM57.02mil to develop affordable houses for qualified buyers.

In a filing with the local stock exchange yesterday, Hunza said its wholly-owned unit, Diamaward (M) Sdn Bhd, had signed a sale and purchase deal with property developer WLB Properties Sdn Bhd to buy the land, located next to Hunza’s 43 acres in Bayan Baru.

Subscribe now and receive free sooka plan for 1 month. T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Hunza Properties Bhd

Next In Business News

Ringgit likely to trade in 4.26-4.29 range next week
Truce set to ignite property deals
Silent losses in real estate asset management
Deposit hurdle persists
Thailand’s first tokenised bonds target retail investors
Thai property sector on uneven ground
Rethink by Aussie pension funds
NYC tower lets tenants rise
Sarawak gas deal under scrutiny
Solidifying liquidity or cash buffer?

Others Also Read