Kerjaya Prospek Property to purchase land in Seberang Perai for RM27.57mil


KUALA LUMPUR: Kerjaya Prospek Property Bhd's unit Pixel Valley Sdn Bhd has entered into a purchase and development agreement with Aspen Vision City Sdn Bhd to acquire a tract of freehold land measuring about 1.97ha in Seberang Perai Selatan in Pulau Pinang for RM27.57mil.

In a bourse filing, the group said the property will serve as landbank for Pixel Valley's property development activities.

It added that the property has been proposed for a mixed-use development comprising serviced apartments and some commercial and retail lots.

However, it said the expected gross development value and development costs for the project have yet to be determined.

The proposed acquisition of the land is expected to be completed within 90 days from the unconditional date, which is expected to be completed by July 2022.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Govt decides to maintain electricity tariff from Feb 1, 2022 to Dec 31, 2024
Top Builders triggers PN17 criteria
Sunway REIT net property income up 86.5% in Q6 FP2021
TNB gets nod for RP3; electricity tariff remains
Inta Bina secures RM160.6mil construction contract
Financial Sector Blueprint 2022-2026 initiatives complement current banking infrastructure
Boustead, Boustead Plantations appoint new directors
KLCC REIT returns to the black in 4Q
SDP's report on forced labour allegation close to completion
Bursa Malaysia ends broadly higher

Others Also Read


Vouchers