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“The disposal will allow us to monetise some of our land bank in Johor while still leveraging on the economic activities that will be created from the proposed industrial development by PGB Landmark to boost the demand for our planned residential developments within the vicinity of the land,” said UEM Sunrise chief executive officer Sufian Abdullah.
Paragon Globe executive chairman Datuk Seri Edwin Tan Pei Seng said the land acquisitions will give it opportunities to create greater economic value to Johor Baru as well as increase its earning potential over the medium to long term.
Source: The Star
