BCB Buys Batu Pahat Golf Land for RM110.9 Million

PETALING JAYA: BCB Bhd is acquiring four parcels of freehold land in Batu Pahat, Johor, currently operated as a golf course, for a combined RM110.9 million, with potential developments carrying a preliminary estimated gross development value (GDV) of RM1.1 billion, The Star reported.

The group is buying the land from Indah Corporation Bhd through two wholly owned subsidiaries, Amber Vista Property Development Sdn Bhd and Banang Central Development Sdn Bhd.

Golf land deal details

Of the total purchase consideration, RM74.74 million is for three parcels to be acquired by Amber Vista Property Development, while RM36.17 million is for one parcel to be acquired by Banang Central Development.

EdgeProp reported that the parcels in Mukim Simpang Kanan cover about 643,977 sq m, or 159.1 acres, and are priced at RM16 per sq ft. Indah Corporation operates Bukit Banang Golf & Country Club and is wholly owned by Berjaya Vacation Club Bhd. The Edge described the seller as linked to Berjaya Property Bhd.

The preliminary GDV comprises RM600 million for the Amber Vista parcels and RM500 million for the Banang Central land, according to EdgeProp. The acquisitions must be completed together, and Indah Corporation must, at its own cost, procure the cessation of golf course operations and ensure the land is vacated by the time vacant possession is delivered.

Funding and timeline

In a filing with Bursa Malaysia, BCB said the acquisition would be funded through a combination of internally generated funds and bank financing. It expects completion in the first half of 2027.

BCB expects the deal to contribute positively to future earnings, but not to have a material impact on earnings for the financial year ending June 30, 2027. The group said the acquisition is in line with its long-term strategy to expand its land bank and build a sustainable pipeline of property projects.

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