Sentoria Group and Sejati Pertiwi Sdn Bhd form JV for mixed development project

Sentoria Group and Sejati Pertiwi Sdn Bhd form JV for mixed development project

KUALA LUMPUR, Jan 6  — Sentoria Group Bhd’s 75% owned unit, Sentoria Utara Sdn Bhd, has signed a joint venture (JV) agreement with Sejati Pertiwi Sdn Bhd to undertake a mixed development project in Kedah.

In a filing to Bursa Malaysia today, Sentoria said the project would be located on a 48.56-hectare freehold land in Kuala Muda.

“The JV is a strategic alliance for Sentoria to participate in affordable housing development projects in the northern part of Peninsular Malaysia.

“Based on preliminary plans and subject to the approval of relevant authorities, the JV is expected to generate a gross development value of about RM180 million,” it said, adding that the project would be completed in 36 months from its commencement date.

— BERNAMA

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