Mega land deal

The land Greenland was looking to buy in Tanjung Langsat was leasehold and valued at some RM40 per sq ft as it was close to the Tanjung Langsat port, said the source. (This file pic taken by The Star's Abdul Rahman Embong shows a vessel anchored at Tanjung Langsat Port in Tanjung Langsat, Johor. The Tanjung Langsat area is being developed into a huge oil and gas hub.)

PETALING JAYA: Fresh from purchasing land in Plentong, Johor, worth some RM2.37bil from Iskandar Waterfront City Bhd (IWCB), Shanghai-based developer Greenland Holdings Group Ltd has now set its sights on about 1,200 to 1,400 acres of industrial land near the Tanjung Langsat Industrial Complex (TLIC).

Sources said the Tanjung Langsat oil and gas (O&G) terminal belongs to Johor Corp (JCorp), which is jointly operating the O&G hub with its partners Trafigura, Technip and MISC Bhd.