A new star on the horizon - Malaysia Today malaysia-today.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from malaysia-today.net Daily Mail and Mail on Sunday newspapers.
(Apex), which last week announced the disposal of four parcels of freehold land in Shah Alam for RM37 million, had initially planned a project with an estimated gross development value of RM86.5 million on the land.
The project was to involve the development of 61 units of shoplots, the company said in a filing with Bursa Malaysia today to provide additional information on the proposed disposal.
The building plan is, however, still pending the Shah Alam City Council’s (MBSA) approval. Most of the 2.39-hectare land is currently vacant except for a small plot which is currently let out to MBSA.