China-based company buys RM4.5bil worth of land in Johor Baru


PETALING JAYA: China-based developer Guangzhou R&F Properties Co Ltd is buying six plots of land in Johor Baru for a whopping RM4.5bil from the Johor Sultan, making it a record deal.

The investment, comprising high-rise residential units, low-density housing, retail properties, offices, a hotel and a shopping mall, is the Hong Kong-listed firm’s maiden overseas venture.

Start your ads-free experience now!

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 , Johor property

   

Next In Business News

Notion VTec gets UMA query on sharp rise in share price
TM, Singtel’s Nxera form JV to develop next-gen data centres
Sunview bags RM79mil solar EPCC contract in Bulgaria
Proton achieves five million vehicle units produced in 41 years
Ringgit ends higher against US dollar
Bursa Malaysia in talks with Mulia Property for TRX relocation
Fahmi: Malaysia ready to roll out dual 5G network
Plytec wins RM26.3mil contact from Setiakon Builders
Poh Kong’s 3Q net profit jumps 51.6% to RM47.6mil
Nestcon bags two contracts worth RM165mil

Others Also Read