PETALING JAYA (July 4): Paragon Globe Bhd has completed the disposal of a freehold land parcel in Tanjung Kupang, Johor Bahru, to GSP Automotive Malaysia Sdn Bhd for a cash consideration of RM64.47 million.

In a Bursa Malaysia filing yesterday, the group said its wholly owned subsidiary, PGB Landmark Sdn Bhd, completed the disposal of the land held under HS(D) 306837 PTD 3003 in the Mukim of Tanjung Kupang, measuring approximately 5.4451 hectares, pursuant to the terms of the sale and purchase agreement.

The proposed disposal was first announced on Dec 4, 2025, as a non-related party transaction under Chapter 10 of Bursa Malaysia's Main Market Listing Requirements.

Paragon Globe did not provide additional details in the latest announcement beyond confirming completion of the transaction.

..........

Read about emerging trends, data-backed insights, growing subsectors, and expert commentaries in EdgeProp print. Subscribe now for your free copy!

SHARE
SPONSORED CONTENT
M Aurora: Freehold urban living in KL along Old Klang Road, offering top connectivity

Old Klang Road remains one of Kuala Lumpur’s most resilient residential corridors because it already works. Unlike newer growth areas still waiting for infrastructure and amenities to catch up, this mature urban belt offers what many buyers increasingly prioritise: connectivity, convenience and established liveability.

read more
RELATED POSTS
  1. Johor govt urges immediate release of JS-SEZ master plan
  2. Nestcon shareholders back property debut with RM1.37 bil Johor project
  3. JS-SEZ blueprint completed; launch delayed until after Johor polls, says economy minister