Country Heights' Kajang land fails to attract bidders again
KUALA LUMPUR: Country Heights Holdings Bhd has failed for a second time to find a buyer for a 20.60-hectare commercial land in Kajang, despite cutting its reserve price by more than 20 per cent to RM55 million.
Country Heights Holdings Bhd, a Malaysian company, has failed to sell a 20.60-hectare commercial land in Kajang for the second time. The land, located in Bandar Country Heights, Ulu Langat, Selangor, had its reserve price reduced by over 20% to RM55 million for the latest e-Lelong auction on September 21, 2026. However, no bidders emerged, leading the company to cancel the auction.
The previous attempt at auction in March 2025 also did not yield a buyer. The cancellation of the e-Lelong, which was a judicial auction for a S$11.5 million term loan secured by a property charge, does not have an immediate financial impact on the group, as no sale had occurred. Country Heights Commercial Development Sdn Bhd, a subsidiary of Country Heights, owns the property. The company mentioned that it will provide further updates on any significant developments.
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