Land price in Iskandar Development Region (IDR) continues to increase.
Last wk, a 45ha land at Nusajaya was bought by Dubai's Limitless Holdings & M'sia's state-owned UEM World at RM242m (RM50psf). This was higher than RM43psf, transacted just 4mths ago.
UEM World also owns 4,137ha of land at Nusajaya. At RM50psf, estimated UEM's real net asset value would be RM12.46 a share and its current share price is traded at abt RM3.90 only.
* AsiaOne-IDR *
Friday, January 4, 2008
IDR Land Price Increasing
Labels:
Malaysia
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment