Malaysia Property News is a free resource website sharing Daily Property News & information about Property in Malaysia, which related to, Property Market, Property Investment, Commercial Property , Hot Properties Malaysia, Real Estate, Retail Shop, Business Park, Condominium Malaysia, Terraces & Apartment Malaysia, Houses, Residence, Resort and many more.

Wednesday, December 29, 2010

Asian Pac’s Safe Valley signs deal to sell land

ASIAN Pac Holdings Bhd’s unit, Safe Valley Sdn Bhd has signed a deal to sell 3.5ha of land in Setapak, Kuala Lumpur, to Axis Milestone Sdn Bhd for RM49.1 million.

Proceeds will be used to reduce its borrowings and to fund other development projects.

It expects to complete the deal by March 31 next year.

By Business Times

No comments: