Titijaya buys 97 medium cost flats from Bank Negara for RM44.5mil

PETALING JAYA: Titijaya Land Bhd has entered into 97 separate sale and purchase agreements with Bank Negara for the proposed acquisition of five-storey, medium-cost flats in Subang Jaya, Selangor for RM44.5mil.

In a filing with Bursa Malaysia, Titijaya said it is acquiring 97 units of two-bedroomed flats to be redeveloped into mixed commercial properties.

“The proposed acquisition is poised to yield a synergistic effect with the adjacent property, First Subang SS15 Courtyard.

“This move is consistent with Titijaya Group's growth strategy, which involves expanding its land portfolio and investing in strategically located development properties within the Klang Valley.”