MB World Group Bhd is acquiring 15.56 acres of land comprising 252 parcels of residential plots in Taman Sri Pulai Perdana, Johor Baru for RM8.15 million from Shiya Sdn Bhd. The parcels have been earmarked for a mixed development under the Johor state’s affordable homes policy. The land was approved for 252 double storey courtyard type terraced houses on September 30, 2013. Development is expected to commence immediately after completion of the sales and purchase agreement with completion anticipated to be within 24 months.
(The Sun, 29/11/2017)