Titijaya Land Berhad announced the proposed acquisition of a 6.071-ha land in Bukit Raja, Selangor, for RM47.3 million as the developer looks to expand its landbank.
The Group’s indirect wholly-owned subsidiary of the Group entered into a sale and purchase agreement with the vendor, Jasa Cendana Sdn. Bhd., in connection with the acquisition.
The purchase consideration was arrived at on a willing-buyer willing-seller basis and after taking into consideration, among other factors, the strategic location of the land and the market value of the comparable properties in the vicinity.
Furthermore, the Bukit Raja Selatan LRT3 station is set to be fully operational by the end of this year, as part of the LRT3 Shah Alam Line linking Klang with Bandar Utama and the rest of Klang Valley. This key infrastructure development is expected to further drive real estate demand in Bukit Raja and the broader Klang region.
