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Eastland Equity to acquire development rights to Damai Suites project in Kota Kinabalu

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PETALING JAYA: Eastland Equity Bhd’s wholly owned subsidiary FBO Land (Setapak) Sdn Bhd has entered into a conditional sale and purchase agreement (CS...

Part of Eastland Equity’s township development, Bandar Tasek Raja, in Pasir Mas, Kelantan. – Eastland website pixEastland Equity Bhd’s wholly owned subsidiary FBO Land Sdn Bhd has entered into a conditional sale and purchase agreement with Inland World Sdn Bhd for the proposed acquisition of development rights to short- to medium-stay property Damai Suites in Kota Kinabalu, Sabah, for RM8 million.

The project has an estimated gross development value of RM102.29 million, while its estimated gross development cost is RM74.64 million.

 

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