Crest Builder Holdings Bhd is disposing of its freehold land in Mont Kiara measuring 2.94 acres to Sunrise Pioneer Sdn Bhd for a total cash consideration of RM34 million (RM265.50 psf). Sunrise Pioneer Sdn Bhd is a company of public-listed UEM Sunrise Bhd.
The rectangular shaped parcel of land situated at the second layer off Jalan Kiara 3 and is accessible from Kuala Lumpur city centre either from Jalan Kuching or Jalan Ipoh via Jalan Kiara 3. Alternatively, it is also accessible from Sprint Highway by exiting onto Jalan Desa Kiara and Jalan Kiara 3. The land was originally acquired by Nepfield on June 14, 2004 for a purchase price of RM6.2 million. Located next to the site is another upcoming condominium development by Bon Estate.
The land is expected to be developed into a residential condominium project in future by UEM Sunrise, who has developed many quality condominiums in the area.
Lot no: Lot 1863, Tempat Sungei Teba, Mukim of Batu, District of Kuala Lumpur, State of Wilayah Persekutuan Kuala Lumpur
Land area: 2.94acres
Category of Land Use: Not specified
Land Price: RM34 mil (RM265.50 psf)
Date of transaction: 28 June 2018
Vendor: Nepfield Sdn Bhd (wholly-owned subsidiary of Crest Builder Bhd)
Purchaser: Sunrise Pioneer Sdn Bhd (company of UEM Sunrise Bhd)
Note: The land was valued by Messrs Amax Valuer Sdn Bhd on 14 June 2018 for RM34 mil.