Hap Seng to buy prime commercial land in KL


Hap Seng said the land it is nuying forms part of the 75.5-acre commercial development known as KL Metropolis. (File pic shows another Hap Seng project, TheHap Seng Industrial Park in Shah Alam

PETALING JAYA: Hap Seng Consolidated Bhd has proposed to acquire a parcel of vacant leasehold commercial land known as Met 3, measuring 668,212.79 square feet (sq ft), in Jalan Duta, Kuala Lumpur, for RM868.67mil to strengthen its property development business.

In a filing with the stock exchange, Hap Seng said the acquisition price was based on RM1,300 per sq ft.

Subscribe now and receive free sooka plan for 1 month. T&C applies.

Monthly Plan

RM13.90/month

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

Asian stocks edge up as US trade deals, fiscal health in focus
Malaysia Aviation Group receives ISO certification for anti-bribery system
Sarawak Cable, Annum decline in early trade on potential delisting
Mild bounce on Bursa Malaysia amid subdued trading
Ringgit opens higher against greenback on weaker US economic outlook, tariff concerns
Trading ideas: Maybank, Velesto, Duopharma, IHH, Malakoff, EcoWorld, SCable, MBSB, Kimlun, Sapura Industral, Eversendai, SunCon, PetChem, Aeon, TSH, MyEG
Oil rises 1% on reports Israel preparing strike on Iranian nuclear facilities
Oil prices little changed on geopolitical uncertainty
US stocks slip, rising Treasury yields in focus
Teo Seng expects steady FY25 showing

Others Also Read