UOA Development Bhd, through its wholly-owned subsidiary Magna Tiara Development Sdn Bhd, has proposed to buy two parcels of land measuring 1.94ha in Kuala Lumpur for RM50 million.
The company told Bursa Malaysia yesterday that the land located in the city centre will be developed into high-rise residential.
Construction is due to start in the fourth quarter of the year, it added. – Business Times
