Friday 28 October 2011

Plenitude to boost size of landbank

Property developer, Plenitude Bhd, is on the lookout for more land in Malaysia as well as other countries within the Asean region to boost its landbank size, Executive Chairman Elsie Chua said.

Currently, the company has about 720 hectares (1,800 acres) of undeveloped land in Penang, Kedah, the Klang Valley and Johor, that will last for 10 years, she said.

"We will start with Malaysia but if there is any other land available within Asean and the price is right as well as strategic, we won't close the door on it," she told reporters after the company's annual general meting here today. - Bernama
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