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.”

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

Next In Business News

US producer prices unexpectedly fall in May
Apollo’s net profit jumps 70% to RM53.8mil in FY24
Sunview secures large scale solar project from Uzbekistan
Ringgit further strengthens versus US dollar at the close
Leon Fuat shareholders approve final dividend payout
FTSE4Good Bursa Malaysia Index sees 12 new inclusions
Solarvest buys office and retail space for RM48.73mil
Malaysia keeps inflation outlook for 2024 after diesel subsidy reforms
BNM to revamp its fund for SMEs deployment
Cabnet Holdings unit bags RM46mil sub-contract works

Others Also Read