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S P Setia to unlock value with RM157 mil Johor land sale to Mah Sing

S P Setia through its indirect wholly-owned subsidiary, Pelangi Sdn Bhd – has entered into a conditional sale and purchase agreement with Dsara Sentral Sdn Bhd ,a wholly-owned subsidiary of Mah Sing Group Bhd – to dispose its 5.99-acre freehold, commercial parcel at Taman Pelangi in Mukim Plentong, Johor Bahru for a cash consideration of RM156.8 million.

DONE DEAL: Condo unit, Cinta Condominium, Taman U-Thant, Kuala Lumpur

Noteworthy:

  • Built-up size: 4,297 sq ft
  • Floor level: low
  • 6 bedrooms, 6 bathrooms
  • Semi-furnished
  • Nearby amenities: The Royal Selangor Golf Club, MRT Ampang Park, MRT Persiaran KLCC, The LINC KL, Sayfol International School, Gleneagles Hospital Kuala Lumpur
  • Accessibility: AKLEH, SPE, MEX, SMART Tunnel, Jalan Tun Razak, Jalan Ampang, Jalan Kampung Pandan

When: November 2024

SD Guthrie, EcoWorld and NS Corp to develop industrial park

SD Guthrie Bhd, formerly known as Sime Darby Plantation Berhad, Eco World Development Group Berhad (EcoWorld) and NS Corp, representing the Negeri Sembilan state government, have announced plans to jointly develop a 1,166 acre industrial park in Bukit Pelandok, Negeri Sembilan, Malaysia.