Former sri damansara club land cost 13.9 hectars at RM14.8M, project GDV RM1.1B, selling price easily RM700 to RM800 persf for such developed area and strategic location
The Puchong Jaya land may be expensive around rm440 psf but the high rise residential easily fetch RM1000 persf and hot area. expected launching probably next year 2023 contribution
KUALA LUMPUR (Jan 10): Land & General Bhd (L&G) is buying a 3.55-acre leasehold land within the main commercial centre of Bandar Puchong Jaya for RM68.04 million.
The land, belonging to Hartanah Idaman (M) Sdn Bhd, is located within walking distance of the IOI Puchong Jaya LRT station and IOI Shopping Mall, the property developer said in a filing with Bursa Malaysia.
PROPOSED ACQUISITION OF A PARCEL OF LEASEHOLD COMMERCIAL LAND HELD UNDER PAJAKAN NEGERI 117584, LOT 5240, PEKAN DESA PUCHONG, DAERAH PETALING, NEGERI SELANGOR MEASURING APPROXIMATELY 14,366.353 SQUARE METRES IN AREA FROM HARTANAH IDAMAN (M) SDN. BHD. FOR A TOTAL CASH CONSIDERATION OF RM68,040,720.00 (THE ACQUISITION)
L&G planned to redevelop the site for more than five years to unlock its potential value as the clubhouse sits on a prime piece of commercial land.
Analysts have said previously that the redevelopment of the clubhouse land is set to fetch lucrative returns given its low land cost at RM2.40 per square ft.
former club house converted to land for developement, that is why cheap cheap the land price easily fetch 200 to 300 persf, in matured township and walkin distance to mrt
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
jack2
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Posted by jack2 > 2022-01-21 08:27 | Report Abuse
Former sri damansara club land cost 13.9 hectars at RM14.8M,
project GDV RM1.1B, selling price easily RM700 to RM800 persf for
such developed area and strategic location