(Oct 4): Singapore’s Lee Rubber Co, which has in the past five years sold assets in Penang, Kuala Lumpur and Johor, is seeking to dispose of its freehold land in Rawang, Selangor, for as much as RM40 million ($12.9 million).

See: Lee Rubber on land selling trail in Malaysia

The land — four contiguous lots measuring 30.8 acres — is located off Jalan Rawang and is a short walk from Tesco Rawang. The parcel is categorised as agricultural but is zoned for residential — suggesting there is potential for development.

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