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Tuesday, October 23, 2012

Daya Materials secures RM120m Sabah project

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

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