BCB To Acquire Johor Golf Course Land For RM74 Million, Eyes RM600 Million Development
BCB Bhd is acquiring three parcels of land in Batu Pahat, Johor for RM74.74 million. The land is currently used as a golf course. BCB plans to develop the land with a preliminary estimated GDV of RM600 million. The acquisition is proposed by BCB's subsidiary. The plan was announced in a Bursa Malaysia filing.
What it means for buyers, tenants and investorsShareholders of BCB Bhd and potential buyers of its future projects in Johor can check the company's progress on this RM600 million development.
What it means for Japanese buyers
BCB Bhd acquired land in Batu Pahat, Johor for RM74.74 million.
Japanese buyers may be interested in BCB's future projects in Johor, with a preliminary estimated GDV of RM600 million.
They should check the minimum purchase price set by Johor state and the 4% stamp duty for foreign buyers.
Written by AI from the original headline and summary and from published rules. Check figures and conditions with the original report and official sources. This is not investment advice.
Key facts
| Areas | Johor |
|---|---|
| Section | Investment & REITs |
| Date | |
| Source | Business Today ↗ |
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