PETALING JAYA: Mulpha Land Bhd is selling Raintree Residence in Kuala Lumpur’s posh Embassy Row neighbourhood to the government of Iran for RM34.3mil.
The deal would see it hiving off the prime freehold property along Jalan Wickham, off Jalan Ampang Hilir, at a premium of 89.4% to the condominium’s net book value of RM18.11mil and market value of RM30mil, Mulpha told Bursa Malaysia.
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