Asian Pac to buy Kuantan land for RM 42.09 million
Bitget2026/10/28 09:39- Asian Pac Holdings agreed to buy 21.48 acres in Kuantan from KotaSAS for RM 42.09 million for a potential shopping mall.
- A joint development agreement with KotaSAS covers another 28.20 acres for three phases of commercial shop lots.
- The joint development has an estimated gross development value of RM 281.3 million; development costs exclude the landowner’s entitlement.
- KotaSAS will receive the higher of 18% of project gross development value or a minimum guaranteed RM 62.03 million.
- Development is expected to begin in 2030, subject to regulatory approvals; each phase must be completed within 33 months of vacant possession.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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