PETALING JAYA: The recent purchase by Malaysian Resources Corp Bhd (MRCB) seems to be setting a new benchmark in terms of prices for the land previously owned by the Rubber Research Institute (RRI) in Sg Buloh.
The property developer is estimated to be paying about RM705 per sq ft for the 64 acres. This is based on RM418.45 per sq ft in cash over a period of 12 months and another RM286.96 over a period of 15 years on a staggered basis from its profits.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
