Malton unit to purchase JB land for RM97.23mil:
KUALA LUMPUR: Malton Bhd said its wholly-owned subsidiary Bukit Rimau Development Sdn Bhd has inks a conditional ...
thestar.com.my/business/business-news/2026/06/03/malton-unit-to-purchase-jb-land-for-rm9723mil
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Malton subsidiary plans Johor Bahru land acquisitionMalton reported a conditional agreement for 3.72 acres in Johor Bahru at RM97.23 million in cash.
Key FactsJun 3, 2026 · Reading time: ~30 sec.
Summary created with AI assistance · Source: thestar.com.my
Summary created with AI assistance · Source: thestar.com.my
- Bukit Rimau Development Sdn Bhd entered into a conditional acquisition agreement with Tanjung Nakhoda (M) Sdn Bhd.
- The parcel borders Johor Golf & Country Club and lies within the integrated W City Larkinton development.
- Malton estimates potential gross development value at about RM950 million; the land’s market value is stated at RM97.3 million.
- Completion is expected in the first quarter of 2027, subject to regulatory approvals and unforeseen circumstances.
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