Brem Holding is close to acquiring two plots of land totalling 16ha in the Klang Valley for some RM100m. “We are at an advanced stage of negotiations to buy land in Wangsa Maju (Kuala Lumpur) and Petaling Jaya (Jalan 225),” executive director Low Yew Hwa said. The group intends to build high-end bungalows in Wangsa Maju, while in PJ, it has plans for a commercial development comprising offices and showrooms.
• Work on these projects is, however, expected to start only one or two years down the line. Meanwhile, he said Brem and its partners had received a letter of intent from Malaysia Airports Holdings (MAHB) to build a hotel on 2.4ha of land next to the new lowcost carrier terminal in Sepang, Selangor. (BT)
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