KUALA LUMPUR: Naza TTDI Development Sdn Bhd, the property arm of the Naza Group, seems to be getting a very good deal with the building-for-land deal it inked with the Government, several property sources say.
Doing some rough calculations, Hall Chadwick Asia Sdn Bhd chairman Kumar Tharmalingam said the RM628mil expo centre it was going to build in exchange for 65 acres (or 2.77 million sq ft) of state land means that it was effectively getting the land for RM226 per sq ft.
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