KUALA LUMPUR (Jan 7): Property developer Oriental Interest Bhd (KL:OIB) is expanding its landbank in Selangor through a RM80.77 million cash acquisition of 68.12 acres in Bukit Raja. The deal was formalised on Dec 31, 2025, via a sale and purchase agreement between Oriental Interest's 70%-owned Myra Land Sdn Bhd and developer SJ Properties Sdn Bhd, according to the group's bourse filing. The remaining 30% in Myra Land is owned by Pesaka Saujana Properties Sdn Bhd, a related third party, Oriental Interest said. While portions of the land are currently occupied by tenants, Oriental Interest noted that these tenancies are expected to expire by the deal’s completion. The RM80.77 million purchase price was determined based on recent market prices for neighbouring properties and the site's development potential, Oriental Interest said.

Source: The Edge Markets January 07, 2026 12:23 UTC