Crescendo buys land in Johor for RM68mil

The property developer said the plots of land are within the development known as Bandar Tiram.

PETALING JAYA: Crescendo Corp Bhd (CCB) is acquiring three plots of land in Johor totalling 109.86 acres from Johor Land Bhd for RM67.55mil.

In a filing with Bursa Malaysia, the property developer said the land are within the development known as Bandar Tiram.

“The plots are located in a strategic location and are near to the existing development of the CCB group at Bandar Cemerlang and enable the group to further expand its landbank near its existing development.”

CCB said there will also be significant synergistic effects in terms of mobilisation of personnel and equipment, given the close proximity of the plots to Bandar Cemerlang.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Crescendo , land , acquisition , Johor


Next In Business News

Rastam Mohd Isa is new FGV chairman
5G coverage in populated areas at 68.8%
Hanoi to turn off 2G phone technology
Ecoscience gets RM38mil construction job
Foreign funds take long-term stance
SC, SME Corp join hands to advance smaller businesses
Growth in net interest income a boon for banks
UEM Sunrise to provide grant for water quality assessment
SNS Network positive on ICT industry
Cashew exports predicted to rebound strongly by year-end

Others Also Read