RM1bil land sale by Sime Darby
In relation to the disposal, SDP had placed an advertisement last week for the sale of several parcels of oil palm land scattered in Kuala Langat and Klang (Selangor), Sitiawan and Hilir Perak (Perak), Merlimau (Malacca), Kuala Muda and Kulim (Kedah) and Seberang Prai Selatan (Penang).
PETALING JAYA: Sime Darby Plantation Bhd (SDP) is looking to dispose of over 4,300 acres of freehold estate land in Peninsular Malaysia that is estimated to bring in proceeds of more than RM1bil if it is able to get the price it seeks.
Industry experts generally have pegged the sale price between RM200,000 and RM250,000 per acre, which is described as the higher band of valuation for brownfield plantation land.
“The reserve price is believed to be at an average of RM200,000 per acre, which is on the higher side of recent transactions.
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