PETALING JAYA: About 15 acres of land in a prime location in the city has been put up for sale for the second time in four years. However, because the land surrounds the collapsed Highland Towers in Ampang, Kuala Lumpur, the price has been subdued in that vicinity.
AmBank (M) Bhd put up the land for sale for the first time in December 2013. The bank placed an “expression of interest” advertisement for 50 freehold vacant bungalow lots which are to be sold together with rights to 111 units of the 138 units in Highland Towers.