KUALA LUMPUR – Urban lifestyle developer Titijaya Land Berhad (“Titijaya” or “the Group”) announced the proposed acquisition of a 6.071-ha land in Bukit Raja, Selangor, for RM47.3 million. The proposed acquisition further expands the Group's landbank within prime locations central to Malaysia’s urban and economic growth, while providing future development opportunities that capitalise on Bukit Raja's strategic location, comprehensive infrastructure, and proximity to key urban centres.

On Monday, Titijaya Makmur Sdn. Bhd., an indirect wholly-owned subsidiary of the Group, entered into a sale and purchase agreement with the vendor, Jasa Cendana Sdn. Bhd., in connection with the acquisition.

The purchase consideration was arrived at on a willing-buyer willing-seller basis and after taking into consideration, among other factors, the strategic location of the land and the market value of the comparable properties in the vicinity.

YBhg. Datuk Lim Poh Yit, Managing Director of Titijaya Group, said:

"We are excited to expand our presence in Bukit Raja and the broader Klang Valley region through this acquisition.

Bukit Raja is a growing, vibrant township located between Klang and Shah Alam. Thanks to its proximity to Setia Alam, Port Klang and KLIA, coupled with excellent road connectivity to the rest of Klang Valley, Bukit Raja has emerged as a key beneficiary of growing logistics and industrial development. This has led to spillover demand for commercial and residential properties across the township.

Furthermore, the Bukit Raja Selatan LRT3 station is set to be fully operational by the end of this year, as part of the LRT3 Shah Alam Line linking Klang with Bandar Utama and the rest of Klang Valley. This key infrastructure development is expected to further drive real estate demand in Bukit Raja and the broader Klang region.

Today’s acquisition further expands our landbank of strategically located assets across the Klang Valley, Penang, and Sabah, giving Titijaya a broad range of future development opportunities. As of end-FY2025, our undeveloped land assets carry a potential future gross development value (GDV) of over RM7 billion.

All in all, we view this deal as highly supportive of our long-term growth strategy and as a positive contributor to our future earnings and development pipeline."