Kuala Lumpur, 10 July 2026 – Lim Seong Hai Capital Berhad has signed a sale and development agreement with Railway Assets Corporation for the acquisition and development of two land parcels in Subang Jaya, Selangor, paving the way for a proposed mixed development with an estimated gross development value of RM1.91 billion.

The construction and property group said its wholly owned subsidiary, Astana Setia Development Sdn Bhd, entered into the agreement with Railway Assets Corporation for the sale and development of approximately 17.4 acres of land located in Pekan Country Height, Daerah Petaling.

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Abigail Cheong
I am Abigail, a journalist at The Ledger Asia, covering business and finance with a focus on the Malaysian Stock Market and key economic developments across Asia. Known for clear, accessible reporting, I deliver insights that help readers understand market trends, corporate movements, and regional news shaping the Asian economy.