UEM in RM434.3mil Iskandar Puteri land sale


UEM Sunrise and AME are collaborating to develop Phase 3 of the Southern Industrial and Logistics Clusters (SiLC) in Iskandar Puteri, on which the land is located. SiLC’s phases 1 and 2 have been sold out. UEM Sunrise is the landower and master developer of Iskandar Puteri.

KUALA LUMPUR: UEM Sunrise Bhd and its wholly owned units have entered into two heads of agreements with subsidiaries of AME Elite Consortium Bhd for the proposed disposal of 72 freehold industrial plots measuring 68ha (169.8 acres) in Iskandar Puteri, Johor, for a total sum of RM434.3mil.

The construction of industrial parks is one of catalytic developments to spur progress in the Iskandar Puteri Development Masterplan, AME Elite Consortium told Bursa Malaysia.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Malaysian millennials lead as most financially literate generation
Oil stabilises after sharp drop on demand concerns, easing of Middle East tension
China to keep expanding market access
Asia stocks bounce as soaring dollar pauses
TSMC's first quarter profit rises 9%, beats forecasts
Asia FX gains on respite from dollar strength, equities rally
Bursa Malaysia mixed at midday break, key index up
Dialog Axiata inks deal to acquire Airtel Lanka via share swap
ACE Market-bound Sin-Kung targets RM26mil in proceeds from IPO
Smart Asia to issue 93.5mil shares, en route to ACE Market listing

Others Also Read