Affin Bank buys TRX land from 1MDB to build new HQ

By DANIEL KHOO

KUALA LUMPUR: Affin Holdings Bhd’s banking unit, Affin Bank Bhd, will buy 1.25 acres of land in the Tun Razak Exchange (TRX) from 1Malaysia Development Bhd (1MDB) to build its new headquarters.

The price it will pay KLIFD Sdn Bhd, a subsidiary of 1MDB Real Estate Sdn Bhd (1MDB RE), is RM255mil. This works out to about RM4,699 per sq ft (psf) for the land. 1MDB RE is the master developer of TRX and a wholly owned subsidiary of 1MDB.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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Business , TRX , Affin , 1MDB , property , Bank , stocks , shares , klci , klse ,

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