Dijaya Corp Bhd's subsidiary Ace Rhythm Sdn Bhd has purchased three parcels of freehold land in the city for RM65.25 million.
The land, located along Jalan Sultan Ismail, will be developed into mixed project consisting of serviced apartments and commercial lots, to generate an estimated gross development value of about RM650 million .
In a statement yesterday, Dijaya group chief executive officer Tan Sri Danny Tan said the projects are expected to contribute positively to the group's future revenue stream and financial performance.
The lands have good development potential because they are in a strategic location in the central district of Kuala Lumpur City Centre, an area where residential and commercial properties are highly sought after, Tan said.
Read more: Dijaya unit buys land near KLCC for RM65m http://www.btimes.com.my/Current_News/BTIMES/articles/xjaya/Article/#ixzz1aAZvdapn
The land, located along Jalan Sultan Ismail, will be developed into mixed project consisting of serviced apartments and commercial lots, to generate an estimated gross development value of about RM650 million .
In a statement yesterday, Dijaya group chief executive officer Tan Sri Danny Tan said the projects are expected to contribute positively to the group's future revenue stream and financial performance.
The lands have good development potential because they are in a strategic location in the central district of Kuala Lumpur City Centre, an area where residential and commercial properties are highly sought after, Tan said.
Read more: Dijaya unit buys land near KLCC for RM65m http://www.btimes.com.my/Current_News/BTIMES/articles/xjaya/Article/#ixzz1aAZvdapn
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