Boustead Plantations sees property potential in Klang Valley, Johor land

PETALING JAYA: Newly-listed Boustead Plantations Bhd is sitting on thousands of acres of landbank in the Klang Valley and Johor that the group may consider converting into townships once its oil palm estates are past their prime.

Although it has yet to firm up any plans, Boustead Plantations vice chairman Tan Sri Lodin Wok Kamaruddin told StarBiz that the group’s 10,000 acres in Desaru and 1,400 acres in Kulai, both in Johor, and less than 1,000 acres in Balau, Semenyih, have medium- to long-term potential for property development.