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Wednesday, November 3, 2010

Mah Sing in RM167m land buy pact

Mah Sing Group Bhd, a Malaysian property developer, said it agreed to buy land in Kuala Lumpur and Cyberjaya for a total of RM167 million.

The 4.7 acre land in Kuala Lumpur will be used to develop serviced residences and retail outlets with a total estimated gross development value of RM920 million, it said in a statement today.

The second plot, measuring 34.9 acres in Cyberjaya, is worth RM280 million in gross development value, it said.

By Bloomberg

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