Scientex actively expands landbank

The land acquisitions announced by the property developer would further strengthen its exposure in the key states of Johor, Melaka, Selangor, Perak and Penang, moving forward.

Scientex Bhd has been actively expanding its landbank size in the past one year or more, at a time when the property market conditions are soft and land prices are more palatable.

Based on its filings with Bursa Malaysia since March 2020, Scientex has announced land acquisitions worth over RM730mil spanning almost 2,000 acres cumulatively.