News
SP Setia has, via their 50%-owned subsidiary SJSB, entered into a Privatisation Agreement with the Government of Malaysia (GOM) and Syarikat Tanah dan Harta Sdn Bhd to undertake the development and construction of a new 1NIH Complex in Setia Alam by way of land swap involving a 52.3-acre parcel of land along Jalan Bangsar, Kuala Lumpur for a 41.1-acre parcel of vacant freehold land within Setia Alam.
SJSB will develop the 1NIH Project comprising: (1) A fully integrated health and research institute ("1NIH Complex") within Setia Alam; (2) 24 units of apartments in Bangsar; and (3) a polyclinic and dental clinic in Bangsar, for RM845m.
SJSB proposes to develop the Bangsar Land into an integrated commercial and residential development targeting the upmarket Bangsar and Federal Hill crowd. The estimated GDV is RM8bn.
http://klse.i3investor.com/blogs/kltrader/21575.jsp
SP Setia has, via their 50%-owned subsidiary SJSB, entered into a Privatisation Agreement with the Government of Malaysia (GOM) and Syarikat Tanah dan Harta Sdn Bhd to undertake the development and construction of a new 1NIH Complex in Setia Alam by way of land swap involving a 52.3-acre parcel of land along Jalan Bangsar, Kuala Lumpur for a 41.1-acre parcel of vacant freehold land within Setia Alam.
SJSB will develop the 1NIH Project comprising: (1) A fully integrated health and research institute ("1NIH Complex") within Setia Alam; (2) 24 units of apartments in Bangsar; and (3) a polyclinic and dental clinic in Bangsar, for RM845m.
SJSB proposes to develop the Bangsar Land into an integrated commercial and residential development targeting the upmarket Bangsar and Federal Hill crowd. The estimated GDV is RM8bn.
http://klse.i3investor.com/blogs/kltrader/21575.jsp