SCIP sells Johor land to Singapore partner


Aerial view of Sunway City Iskandar Puteri overlooking the Malaysia–Singapore Second Link.

PETALING JAYA: Johor is turning out to be a golden hunting ground for the Sunway Group, after it secured a deal yesterday that will see it disposing of two parcels of land spanning 64 acres in Sunway City Iskandar Puteri (SCIP).

The sale, estimated to be worth upwards of RM380mil and is tagging on the current white-hot data centre theme, would be to Singapore-based Equalbase Pte Ltd for the purpose of data centre development.

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

Next In Business News

Wall St set for higher open as US-Iran ceasefire lifts sentiment
Golden Destinations’ IPO oversubscribed by 2.10 times
EPB proposes Main Market transfer
Infoline Tec subsidiary to purchase RM18.6mil factory buildings
PMW International ties up with STIDC for new Sarawak manufacturing facility
LSH unit secures Kuantan road upgrade contract
AIBIM: Islamic banking industry remains resilient amid Middle East uncertainties
Ringgit rises to 3.97 against US dollar at the close as US-Iran reaches ceasefire deal
Inta Bina bags RM32mil construction job
MNC Wireless to fund digital push with rights issue

Others Also Read