PETALING JAYA: PJ Development Holdings Bhd (PJD) has entered into a sale and purchase agreement with Able Starship Sdn Bhd to dispose of a 28-storey office tower in Kuala Lumpur for RM220mil cash.
The property group said in a filing with Bursa Malaysia that it saw the proposed disposal as timely, allowing it to unlock the value of the property in view of the prevailing favourable market prices for property sales.
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