KUALA LUMPUR: Daya Materials Bhd has secured a contract to undertake a property project in Penampang, Sabah with a gross development cost of RM120mil.
It said on Tuesday its unit had signed an MoU with Chang Cheng Realty Sdn Bhd to build one block of 28-storey retail service suites and also 40 blocks of four-story shop-office and eight blocks of three-story shops.
Daya Materials said the RM120mil comprised of the total construction cost and interest. However, the estimated gross development value was more than twice at RM250mil.
By The Star
Tuesday, October 23, 2012
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