GSH buying 50% stake in prime Jalan Petaling plot
The 99-year leasehold site will be developed into a premium condominium of about 1,700 units
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
PROPERTY developer GSH Corporation is investing RM164.5 million (S$55.2 million) to acquire a 50 per cent stake in a prime 1.4-hectare plot in Kuala Lumpur's Chinatown precinct of Jalan Petaling.
The property developer said on Monday that it has signed a conditional subscription and shareholders agreement with Malaysian conglomerate Tradewinds Corporation for the stake in Aspirasi Kukuh, a wholly owned subsidiary of Tradewinds which owns the plot, and which will also undertake its development.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
Loyang Valley sold for S$880 million to SingHaiyi-led consortium
