SDB buys land for RM31m

SDB Properties Sdn Bhd, a subsidiary of Selangor Dredging Bhd (SDB), has acquired a piece of land measuring 36,339 square metres from Webcon Sdn Bhd for RM31 million.

The property, located in the centre of the Cheras South communities and surrounded by various public amenities, was easily accessible from various highways such as the Cheras-Kajang Expressway, SILK Highway and Sungai Besi Expressway as well as secondary roads, SDB said in a statement today.

It said SDB would develop residential units on the property with an estimated gross development value of RM300 million.

By Bernama