Another plot of land in Medini sold to S'porean

PETALING JAYA: A plot of land, measuring 5.9 ha, in Medini Iskandar which forms part of Iskandar Malaysia was sold to a Singaporean developer, who plans to turn it into a mixed development hub in five years. The gross development value (GDV) is estimated at RM2.5bil.

The deal comes hot on the heels of local property developer B&G Capital Resources Bhd snapping up a 3.4-ha site near this plot in Medini, just over a month ago.