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China developer pays RM2.4b for Iskandar plot

Kuala Lumpur

CHINA'S state-owned Greenland Group is buying a 128-acre (51-hectare) prime waterfront land in Malaysia's Iskandar from Malaysian property developer Iskandar Waterfront City Bhd for RM2.4 billion (S$886.3 million).

This marks Greenland's second land deal in Malaysia.

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