UEM SUNRISE ACQUIRES PRIME FREEHOLD LAND ADJACENT/BEHIND TO CHERAS SENTRAL/CONNAUGHT MRT STATION, CHERAS (with DO)

UEM Land Berhad (“Purchaser”) has 4/6/2021 entered into a sale and purchase agreement (“SPA”) with Accolade Land Sdn Bhd (“Vendor”) to acquire one parcel of freehold land held under Geran 79823, Lot 103000 measuring approximately 27,770 square metres or 6.86 acres (“Land”) in Mukim Petaling, Kuala Lumpur for a total purchase consideration of RM197 million (About RM 660psf)

The purchase consideration is inclusive of all development and contribution charges including the transfer and assignment of all the Vendor’s rights, title and benefits for the Land’s current development order and building plans to the Purchaser.

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