Chin Hin acquires land in Segambut for RM52mil
In a statement, the property developer said the acquisition transitions from a previous joint development agreement signed in April 2024, providing CHGP full ownership and development rights.
'Originally planned as a collaborative development between CHGP and Kar Sin, the land will now be independently developed by CHGP into a residential or mixed development project.
'The acquisition supports CHGP's ongoing strategy of expanding its property portfolio by securing strategically located land within high-potential areas of Kuala Lumpur.'
CHGP said plans to develop a high-rise development on the newly acquired land, subject to obtaining the necessary regulatory approvals.
'The project aims to meet the growing demand from young professionals, families, and local businesses seeking integrated developments offering convenient living and lifestyle amenities.'
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Chin Hin acquires land for RM52mil
PETALING JAYA: Chin Hin Group Property Bhd has entered into a sale and purchase agreement with New York Empire Sdn Bhd and Kar Sin Bhd for the acquisition of a strategically positioned 6.49-acre parcel of freehold land located in Segambut, Kuala Lumpur for RM52mil. In a statement, the property developer said the acquisition transitions from a previous joint development agreement signed in April 2024, providing Chin Hin full ownership and development rights. 'The acquisition supports Chin Hin's ongoing strategy of expanding its property portfolio by securing strategically located land within high-potential areas of Kuala Lumpur,' the firm said. It said it plans to develop a high-rise development on the newly acquired land, subject to obtaining approvals.
The Star
15-07-2025
- The Star
Chin Hin acquires land in Segambut for RM52mil
PETALING JAYA: Chin Hin Group Property Bhd (CHGP) has entered into a sale and purchase agreement with New York Empire Sdn Bhd and Kar Sin Bhd for the acquisition of a strategically positioned 6.49-acre parcel of freehold land located in Segambut, Kuala Lumpur, for RM52mil. In a statement, the property developer said the acquisition transitions from a previous joint development agreement signed in April 2024, providing CHGP full ownership and development rights. 'Originally planned as a collaborative development between CHGP and Kar Sin, the land will now be independently developed by CHGP into a residential or mixed development project. 'The acquisition supports CHGP's ongoing strategy of expanding its property portfolio by securing strategically located land within high-potential areas of Kuala Lumpur.' CHGP said plans to develop a high-rise development on the newly acquired land, subject to obtaining the necessary regulatory approvals. 'The project aims to meet the growing demand from young professionals, families, and local businesses seeking integrated developments offering convenient living and lifestyle amenities.'
