RM1bil land sale by Sime Darby


PETALING JAYA: Sime Darby Plantation Bhd (SDP) is looking to dispose of over 4,300 acres of freehold estate land in Peninsular Malaysia that is estimated to bring in proceeds of more than RM1bil if it is able to get the price it seeks.

Industry experts generally have pegged the sale price between RM200,000 and RM250,000 per acre, which is described as the higher band of valuation for brownfield plantation land.

The Star 6.6 DEAL: 35% OFF Digital Access

Monthly Plan

RM 13.90/month

RM 9.04/month

Billed as RM 9.04 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Sime Darby Plantations , sale , land , non-core , , SDP , price , Bursa , shares , Bakke ,

Next In Business News

Encorp signs MoU with FELDA for staff housing project
FBM KLCI nears 1,700 amid buying in blue-chip counters
AllianzGI is said in exclusive talks to buy UOB Asset Management
Regional cooperation critical to unlock long-term energy investment
Corporate regulator investigating KPMG Australia partners over audit leak scandal
Indonesia rupiah opens at all-time low, South Korean won slides to 2009 levels
Malakoff, TNB REMACO team up to enhance MRO services for Malaysian power plants
China's central bank resumes cash injection following a two-day hiatus
Malaysian palm oil exports to face pressure from Indonesian push
OSK Property unveils RM690mil beachfront development in Kuantan

Others Also Read