• Property

RM680 million is not a small sum of money. Not many companies could afford it. What’s the reason why a property developer is willing to pay a big amount to another property developer and buys their mall? What’s the longer term benefits? Really depends on the strategy which the developers are pursuing yeah. Let’s look at the latest acquisition news of a mall I frequent every other month; Tropicana Gardens Mall. The buyer is IOI Properties Group Bhd.