Avaland buys land in PJ for RM49mil

PETALING JAYA: Property developer Avaland Bhd is acquiring a parcel of leasehold development land measuring 2.2-acres in Section 13, Petaling Jaya, from Comit Communication Technologies (M) Sdn Bhd for RM49mil.

In a filing with Bursa Malaysia, Avaland said the proposed acquisition represents a strategic step in expanding the group's presence within the vibrant and thriving township of Petaling Jaya.

“The encouraging response to the group’s earlier development across Klang Valley which further reinforces the group’s confidence in this location.

“With its mature township appeal, excellent infrastructure, and proximity to key urban centres, this acquisition aligns with the group’s long-term strategy of delivering high-quality, sought-after developments in prime growth areas across the Klang Valley.”

Avaland said the land is adjacent to Plaza 33 and enjoys convenient access to prominent destinations including Mid Valley, Bangsar South, Asia Jaya LRT Station, and Phileo Damansara MRT Station. Furthermore, it is easily accessible via major highways such as the Damansara-Puchong Expressway and the Federal Highway.