Posted on 21 Apr 2015
In a statement released yesterday, the property developer said the acquisition sum translates to RM41 per square foot after having considered the possible adjusted land areas and after deducting outstanding land payments by SDSDSB to vendors as well as shareholders advances.
SDSDSB was incorporated as a 50:50 joint venture company between Sime
Darby Property and Sunsuria to undertake a proposed property
development project known as Suria Serenia, Putrajaya South on the
331.27 acres of freehold land.
(wksun)
The Suria Serenia development is an integrated development surrounding
the upcoming Xiamen University Malaysia campus and is strategically
connected with the Express Rail Link and highways.
Following completion of the conditional share purchase agreement, Sunsuria will have full control of SDSDSB, which represents a significant milestone for Sunsuria to optimise the value and effective implementation of the development being a smart liveable and sustainable city.
