DHP Radio, Malaysia – Sports Toto, the lottery giant partly owned by Berjaya Corp, is spending big on Malaysian real estate. The company just bought three commercial units at Berjaya Times Square for a whopping $5.26 million.
That’s right—$3,230 per square foot. The deal involves 1,637 square feet on the ground floor, already occupied by tenants. These units were originally bought in 2012, but now Sports Toto sees long-term value in owning income-generating property.
The seller? Sapphire Transform, a company under Berjaya Assets, which also has ties to Sports Toto.
And here’s where it gets tighter: both companies share board members and key stakeholders from the Tan family empire.
Toto sees rising value and steady rent, but they admit it’s not risk-free. Inflation, lending rates, and liquidity are real threats.
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