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Monday, January 14, 2008

Bandar Raya expands land bank

Bandar Raya Developments Bhd (BRDB) has expanded its land bank in the Klang Valley with the acquisition of 10.1ha of freehold land fronting the Federal Highway in Subang Jaya.

In a statement, BRDB said the RM125.86mil purchase signalled a more aggressive approach by the group to acquire land for development in prime areas.

Chief executive officer Datuk Jagan Sabapathy said the company planned integrated development comprising retail, street retail, designer suites, office suites and apartment blocks.

“The project is expected a total gross development value in excess of RM1.5bil,” he said.

By Bernama

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