KUALA LUMPUR, April 14 (Bernama) — Property developer, SP Setia Bhd, has acquired its fourth piece of land in Melbourne, Australia for A$10 million with an estimated gross development value of A$38 million.
In a statement today, the company said the 850-square metres land sits on a prized location between Chapel Street and Greville Street and only 4.5km southeast of the Melbourne Central Business District
“It has a permit approved for an eight-storey building with 47 apartment units plus an office and retail outlets on the ground floor and is expected to be a popular high-end boutique project which will have wide appeal to a broad range of purchasers,” it said.
— BERNAMA
Disclaimer: The information is provided for general information only. iProperty.com Malaysia Sdn Bhd makes no representations or warranties in relation to the information, including but not limited to any representation or warranty as to the fitness for any particular purpose of the information to the fullest extent permitted by law. While every effort has been made to ensure that the information provided in this article is accurate, reliable, and complete as of the time of writing, the information provided in this article should not be relied upon to make any financial, investment, real estate or legal decisions. Additionally, the information should not substitute advice from a trained professional who can take into account your personal facts and circumstances, and we accept no liability if you use the information to form decisions.