KSL buys land from S P Setia for RM 228.8mil


KUALA LUMPUR: KSL Holdings Bhd is acquiring freehold land measuring 72,820 sq metres in Shah Alam, Selangor from S P Setia Bhd for RM228.80mil.

In a filing with Bursa Malaysia, KSL said the proposed acquisition will enlarge the group’s current land bank to enhance future revenue and earnings.

“The said land will be used for residential development projects and further enhance its presence in the property market in Selangor.

“The development project is expected to commence in 2025 and is envisaged to spread over a period of 10 to 15 years,” it said.

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

KSL Holdings , S P Setia

   

Next In Business News

SC, Bursa Malaysia commit to three-month approval period for IPOs on Main, ACE Markets
Goldman Sachs, Mubadala sign US$1bil private credit Asia-Pacific partnership deal
Lay Hong's net profit jumps to RM54.91mil in 3Q
AI is exploding data centre energy use. A Google-created technique may help
Asia shares drift ahead of inflation tests
PETRONAS Chemicals expects challenges to continue in 2024
AmBank posts 3Q net profit of RM543.41mil, boosted by one-off tax credit
SC extends timeline for issuing REIT annual reports
FBM KLCI slightly lower ahead of corporate results, banks weigh
TM shares rally after strong FY23 performance

Others Also Read