SP Setia subsidiary buys land in Penang for RM144mil

  • Business

  • Wednesday, 28 Sep 2005

SP Setia Bhd unit Setia Promenade has agreed to buy 112.59 acres of freehold land in Penang for RM144.28mil cash from PPH Resorts. 

Parts of the land currently has an 18-hole golf course, clubhouse and a driving range, leased to Pearl Island Country Club Bhd, a PPH subsidiary. 

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

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Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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