KUALA LUMPUR Oct 15 Berjaya Land Bhd
expects the construction cost for the new turf club in Sungai
Tinggi, Selangor, to increase to 1 billion ringgit ($326.85
million) from 605 million ringgit previously due to the rising
cost of building materials after years of delay in getting the
necessary approvals from the state government.
The expected construction cost of 1 billion ringgit
effectively translates into land cost of about 94 ringgit per
square feet for the 244.79 acres in Sungai Besi, Kuala Lumpur,
that Berjaya Land is acquiring from Selangor Turf Club.
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