Dijaya buys 10ha lands for RM18m

KUALA LUMPUR: Dijaya Corporation Bhd’s unit Dijaya Property Sdn Bhd (DPSB) is acquiring two parcels of freehold land measuring at 9.24 hectares and 1.59ha each in Cheras, Hulu Langat, Selangor for RM18.66 million.

It told Bursa Malaysia yesterday that the proposed acquisition was in line with its plan to increase its land bank to generate long-term sustainable income for the group.

“DPSB plans to carry out a residential development on the properties with a preliminary estimated gross development value (GDV) of RM200 million,” Dijaya said.

By The EDGE MALAYSIA