Crescendo in RM72mil Johor land buy


PETALING JAYA: Crescendo Corp Bhd (CCB) is proposing to acquire two plots of freehold vacant land totalling 3.27 acres in Johor Baru from Bewell Realty Sdn Bhd for RM72mil.

In a filing with Bursa Malaysia, CCB said the first plot had been approved for the development of 1,090 units of serviced apartments with a gross development value of approximately RM726mil.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Foundation challenge for supertalls
Building tomorrow’s homes with AI
Ringgit likely to trade within RM3.90-RM3.95 level next week, ahead of Trump-Xi meeting
Cape EMS clarifies termination of AeroNas collaboration
Penang cruise market sees 39% more passengers in 1Q
IGL Coating�its way to the top
Credit conditions tightening
Flexible bets deliver gains
Choppy gains amid rising risks
Brazil’s diverse metropolis beckons

Others Also Read