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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.

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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

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