Kerjaya Prospek buys Batu Kawan land


Kerjaya Prospek Property Bhd’s wholly-owned subsidiary, Pixel Valley Sdn Bhd (PVSB), is acquiring a 1.97 hectares freehold land from Aspen Vision City Sdn Bhd (AVC) in Penang for RM27.57 million.

In a filing with Bursa Malaysia today, it said PVSB has entered into a purchase and development agreement with AVC following the proposed acquisition.

It said the proposed acquisition would enable Kerjaya Prospek Property to focus on its core business of property development as well as expand and strengthen its landbank size.

“It is strategically located at Bandar Cassia, Batu Kawan, Penang. The proposed development of the property is a mixed development comprising serviced apartments and some commercial/retail lots,” it said.

It added that barring any unforeseen circumstances, the proposed acquisition is expected to be completed within 90 days from the unconditional date, which is expected to be completed by July 2022.

Source: Bernama

  1. Lee
    December 7th, 2021 at 20:12 | #1

    Kerjaya prospek is the main-con for Aspen, one of the reason why Aspen sold off this piece of land for KP is because they were unable to repay the costing to KP, so they lease off the land to reduce the remaining bal

  2. Insider
    December 8th, 2021 at 21:23 | #2

    Yes they give unsold units as repayment also

  3. Ice Kacang
    December 20th, 2021 at 20:49 | #3

    Insider :
    Yes they give unsold units as repayment also

    Yes, they free some goody bag and door gift to KP as well..

  4. Jaden
    December 21st, 2021 at 19:05 | #4

    crazy sold at rm129.55/ft2

  5. OEM
    December 22nd, 2021 at 08:32 | #5

    Friend. I personal think is reasonable. Even currently land infront of Queensbay mall selling with RM650psf with empty lot. I wondering what is next selling price if a condo or landed build later. Probably rm1200psf or RM1300psf.

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