Crest Builder inks deal to buy Klang land for RM55mil

The market value of the land was assessed to be RM57mil, based on the valuation undertaken by Messrs Henry Butcher Malaysia (SEL) Sdn Bhd on Sep 25,2019. This 2.65 hectares land, currently vacant, is situated between AEON Bukit Tinggi and TESCO Extra Klang, with Giant Hypermarket and GM WHolesale city located nearby. (File picture shows a model of one of the projects of Crest Builder. )

PETALING JAYA: Crest Builder Holdings Bhd’s wholly owned subsidiary, CB Land Sdn Bhd, has inked a sale and purchase agreement (SPA) with Gemilang Waras Sdn Bhd, a subsidiary of WCT Land Sdn Bhd, to acquire a plot of freehold land in Klang for RM55mil.

In a release, Crest Builder said that the acquisition price was arrived on a “willing buyer, willing seller” basis, after taking into account the prospects of the said land, the proposed development and property prices in the surrounding area.