Luster in joint venture to develop Hulu Langat site

PETALING JAYA: Luster Industries Bhd has entered into a joint venture agreement Enrich Realty Sdn Bhd to develop a piece of land in Hulu Langat, Selangor, measuring 3.6725ha into commercial or residential or mixed project, including “Rumah Selangorku”.
In consideration of the landowner Enrich Realty granting to Luster the right to develop the land, a total value of at least RM39 million or up to 22% of the actual gross development value, whichever is higher, will belong to the Enrich Realty.