PETALING JAYA: Mah Sing Group Bhd
's unit Convention City Development Sdn Bhd has acquired 9.33 acres of land in Kota Kinabalu to develop the Kota Kinabalu Convention City (KKCC), a waterfront integrated project with a gross development (GDV) of RM1.4bil.
The two parcels of land, next to the Sabah International Convention Centre was purchased from Yayasan Sabah and Sasinma Sdn Bhd for RM184.9mil -- equivalent to 13.2% of the estimated GDV and will be paid over a minimum of 42 months.
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