Although the company has yet to finalise its choice of land to purchase, managing director Richard Teo Lay Ban (pic) said this is a good time for it to expand its land bank, given the low prices amid the property market slowdown.
KUALA LUMPUR: Ace Market-bound Teladan Setia Group Bhd
, which is looking to raise RM77.3mil from its initial public offering (IPO), plans to acquire land parcels worth over RM35mil for its residential projects in Melaka.
The Melaka-based developer is slated to be listed on Bursa Malaysia on March 16.
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