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IWCity inks deal to swap lands with Johor government

Mimi Sabreena 3:18:00 AM Informasi

KUALA LUMPUR: Iskandar Waterfront City Bhd (IWCity) announced today that it has inked a conditional alienation-cum-development agreement for a land swap deal with the Johor state government.

Under the deal, the state government will compulsorily acquire six plots of agricultural land measuring 121.58 acres in Plentong, Johor Baru, from IWCity for RM222.8 million, according to IWCity in a Bursa Malaysia filing today.

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