PETALING JAYA: Chin Hin Group Property Bhd
has entered into a sale and purchase agreement with New York Empire Sdn Bhd and Kar Sin Bhd for the acquisition of a strategically positioned 6.49-acre parcel of freehold land located in Segambut, Kuala Lumpur for RM52mil.
In a statement, the property developer said the acquisition transitions from a previous joint development agreement signed in April 2024, providing Chin Hin full ownership and development rights.
“The acquisition supports Chin Hin’s ongoing strategy of expanding its property portfolio by securing strategically located land within high-potential areas of Kuala Lumpur,” the firm said.
It said it plans to develop a high-rise development on the newly acquired land, subject to obtaining approvals.
