KUALA LUMPUR: Kumpulan Hartanah Selangor Bhd (KHSB) and Sun Lohas Group Ltd yesterday signed a memorandum of understanding (MoU) on the proposed eco-development on a 2,013ha site in Bestari Jaya, Kuala Selangor.
The MoU is to enable Sun Lohas to carry out a financial and legal due diligence as well as feasibility study on the proposed development known as “Sun Lohas City”.
The gross development value of the project is estimated at RM8 billion, while the development is expected to be completed within 10 years’ time.
By Business Times
Friday, May 18, 2012
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