05/01/2022
We are selling MET 6 @ RM 900 PSF 😎
MET3 @ KL Metropolis, Kuala Lumpur.
Hap Seng Consolidated Bhd has proposed to acquire a parcel of vacant leasehold commercial land known as MET 3, measuring 668,212.79 square feet (sq ft), in Jalan Duta, Kuala Lumpur, for RM868.67mil to strengthen its property development business.
In a filing with the stock exchange, Hap Seng said the acquisition price was based on RM1,300 per sq ft. It said its wholly-owned subsidiary, Sierra Positive Sdn Bhd, had entered into a conditional sale and purchase agreement to acquire the MET 3 land.
The land forms part of the 75.5-acre commercial development known as KL Metropolis accessible via Jalan Kuching and Jalan Tuanku Abdul Halim, from TTDI KL Metropolis Sdn Bhd, the wholly-owned subsidiary of Naza TTDI Sdn Bhd, which in turn is an 80%-owned subsidiary of Naza Corp Holdings Sdn Bhd.
Hap Seng had intention to build a mixed commercial project, with a gross development value of RM8.7bil, on the MET 3 Land.
The lease tenure of the commercial land will expire on Aug 11, 2109.
