Guocoland Malaysia buys land in Cheras Batu 9 from Bertam Alliance Berhad

guocoland cheras, youcity

Guocoland Malaysia announced that they are buying 2 plots of strategic freehold land in Batu 9, Cheras. The land is located just beside You City Cheras by OSK Property/PJD, and within walking distance to MRT – Taman Suntex Station. It is believed that the land will be developed into a mixed development, similar to its neighbour You City due to its excellent connectivity to the Cheras-Kajang Highway and walking distance to MRT Station.

Title no: GM 563 & GM415
Lot no:
 Lot 809 & 810, Mukim Cheras, District of Hulu Langat, Selangor Darul Ehsan
(Persiaran Awana, next to You City Cheras and Batu 9 Toll Plaza)
Land area: 11.84 acre (Lot 809 – 9.13 acre; Lot 810 – 2.72 acre)
Tenure: Freehold
Category of land use: Lot 809 – Building; Lot 810 – Agricultural
Zoning: Lot 809 – Residential; Lot 810 – Commercial
Transacted price: RM128 million (RM248 psf)
Date of transaction: 5 July 2016
Vendor: MV Properties Sdn Bhd (subsidiary of Bertam Alliance Berhad)
Purchaser: Tujuan Optima Sdn Bhd (subsidiary of Guocoland Berhad)
Note: The properties was valued by DTZ Nawawi Tie Leung on 19 March 2016 for  RM125.11 mil (RM243 psf)

Location Map:

guocoland cheras, youcity

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