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Wednesday, June 24, 2009

No major issue in finding new buyer for Iskandar land: Azman

KHAZANAH Nasional Bhd says it sees "no major issue" in finding new investments to replace the Dubai property developer which recently dropped a land purchase deal in Iskandar Malaysia.

Damac Properties (Malaysia) Sdn Bhd, one of Dubai's largest private developers, recently said it would not pursue the plan to buy land in Nusajaya for RM396.5 million.

"It's not a major issue. The Damac plot of land is a good site and there is interest shown for the site.

"We are confident there will be replacement coming in," Khazanah's managing director Tan Sri Azman Mokhtar told reporters in Petaling Jaya yesterday.

By Business Times

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