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Loke Wan Yat deal called off?
by Cals Fri 04 Oct 2013, 10:18
| Loke Wan Yat deal called off? |
| Business & Markets 2013 |
| Written by Lam Jian Wyn of theedgemalaysia.com |
| Friday, 04 October 2013 09:47 |
The buyers are said to be involved in the development of the iconic Taipei 101 building in Taiwan. One of the world’s 10 tallest skyscrapers, Taipei 101 is owned by Taipei Financial Center Corp that counts 14 Taiwanese companies as stakeholders.
Situated on the land are four bungalows. Nasi Kandar Pelita and Restaurant Chef Choi operate their businesses from there.
Had the transaction gone through, Loke Yan Wat’s land would have set a new benchmark for Kuala Lumpur land prices. Last Year, MULPHA INTERNATIONAL BHD [] sold a 0.3ha plot in Jalan Sultan Ismail for RM3,300 psf, the current benchmark price for land in Kuala Lumpur.
This article first appeared in The Edge Financial Daily, on October 04, 2013.
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