Lee Rubber puts Jalan Raja Chulan land up for sale

This article first appeared in Issue 1131 (Oct 10) of The Edge Malaysia

Lee Rubber Co (Pte) Ltd, a Singapore-based rubber company that has a long established presence in Malaysia, has put out a request for bids for a 1.81-acre parcel in Jalan Raja Chulan, Kuala Lumpur, which it owns. It is the third piece of land in the prime area to be put up for sale in the past seven months.

The parcel, which faces both Jalan Raja Chulan and Jalan Ceylon, comprises four contiguous plots measuring a total of 78,798 sq ft and could fetch as much as RM250 million ($82.8 million), according to industry estimates.

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