PETALING JAYA: Eupe Corp Bhd through its indirect wholly-owned subsidiary, EUPE Belfield Sdn Bhd, has entered into a conditional agreement to buy a parcel of leasehold land measuring 1.95ha in Kuala Lumpur from Cahaya Tinggi Sdn Bhd for RM125mil.

       In a filing with Bursa Malaysia, the Kedah-based property developer said it planned to undertake a high-rise residential development on the land, which is located along Jalan Damansara and Jalan Belfield within the residential development of Kampung Attap.

       “The proposed acquisition is in line with the group’s business expansion objective and growth strategy in accumulating new suitable land to be included in the group’s landbank and to scale up its property development portfolio,” it said. — Bernama