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.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 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

Ringgit expected to trade in tight range against US dollar next week
Malaysia’s diversified economy, fiscal buffers to cushion external shocks
Yayasan Sime Darby initiatives reach over 7.2 million Malaysians
Beaches on borrowed time
The price of paradise�
The cost of leasehold properties
Grid charges temper RE euphoria
Emerging market bonds resilient
Keeping pace
Water is a Saudi tycoon’s best friend

Others Also Read