RM40.5 million 5.56 acres freehold land 16.78 acres leasehold land

Magna Prima Berhad’s proposed acquisition of a total of 22.34 acres of land in Selayang for RM40.5 million has been approved by its shareholders during its AGM held 11 March 2010. The purchase is done via Magna Prima’s subsidiary Seri Dinar Project Development Sdn Bhd.

According to the company’s announcement dated 15 July 2009, a development order has been obtained for the project comprising 18 units of shoplots, a medium-cost apartment of 72 units, 2 units of detached houses, 47 units of 3-storey terraced houses (22’x75’/80’), 79 units of 3-storey semi-detached zero lot houses (36’x80’), 20 units of 3-storey semi-detached houses (50’x113’) and 1 unit of clubhouse with electrical substation on the Property together with common facilities and all necessary infrastructure works. The project’s GDV is estimated at RM130 million.