{
  "id": 9091442,
  "title": "Country Heights' Kajang land fails to attract bidders again",
  "url": "https://urgent.news/2026/09/22/country-heights-kajang-land-fails-to-attract-bidders-again",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-22T05:31:15.000Z",
  "source": {
    "name": "New Straits Times",
    "slug": "new-straits-times",
    "url": "https://www.nst.com.my/business/corporate/2026/09/1538313/country-heights-kajang-land-fails-attract-bidders-again"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}