PETALING JAYA: Kimlun Corp Bhd subsidiary Kiiville Sdn Bhd has entered a sale and purchase agreement with Mah Sing Properties to acquire 20.84 sq m of freehold commercial land in Pulai, Johor Baru, for RM14.25mil cash.

According to Kimlun, the land is located within the Taman Sri Pulai Perdana township near Pulai Springs Resort, about 24km from the city centre.

An Indian temple currently occupies the tract, whereby Mah Sing has undertaken to evict and demolish the building within 12 months of the agreement or six months from Kiiville’s notification that it has submitted the application for planning approval, whichever is later.

The proposed acquisition is expected to be completed by the end of 2020.