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 Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

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

The parcel overhang
Zero abandoned homes�by�2030?
Unmasking housing market pricing abuses
Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming

Others Also Read