PETALING JAYA: Mah Sing Group Bhd has acquired 1.485-acres of freehold land in the heart of the KLCC precinct from the MUI Group for RM260mil. In a statement, Mah Sing said the strategically located land houses the Corus KLCC hotel and is within five minutes’ walking distance from the PETRONAS Twin Towers and Suria KLCC. Mah Sing said the land will be redeveloped into a premium freehold serviced apartment project with an estimated gross development value of RM1.28bil. Units are indicatively priced from RM898,000.
Source: The Star