Gamuda Land Sdn Bhd, the property division of Gamuda Bhd, bought a 4.86-acre freehold land in Kelana Jaya for RM95 million, which it plans to develop into a RM600 million mixed project comprising retail and office suites.
“The average selling price for the residential component is RM750 psf while the retail shops are estimated at an average selling price of RM800 psf,” said Chow Chee Wah, Managing Director at Gamuda Land.
“The planning and content of this development is anticipated to be revealed in early 2014.”
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