KUALA LUMPUR: KHIND HOLDINGS BHD has proposed to acquire a parcel of freehold land measuring 65,340 sq ft in Setia City, Precint 1, a commercial development in Shah Alam, from S P Setia Bhd’s unit Bandar Setia Alam Sdn Bhd for a total of RM7.84 million or RM120 per sq ft.

Khind said the land would be developed for a commercial office building, for the company’s own use as well as for letting out, allowing it to tap into recurrent rental income as a source of revenue.

Read the full article @ The Edge Malaysia.