KUCHING: Zecon Bhd has entered an agreement with PR1MA Corporation Malaysia (PR1MA) to develop 54 acres for PR1MA homes and retail units in Salak Land District, Kuching.
The construction and engineering group’s wholly-owned subsidiary Zecon Land Sdn Bhd will have four years to build 2,000 units of homes and retail units, and transform the land to a total built-up area of 3.7 million square feet.
PR1MA has purchased the Salak Land District land from Zecon at RM46 million.
“This joint development project with PR1MA is a hallmark project for Zecon Group. It is the largest development for the Group to-date and one that is closest to home for us,” said Datu Hamzah Drahman, Chairman of Zecon.
He added “We are delighted to jointly develop the strategically located Salak Land District Area with PR1MA and to contribute to developing affordable housing for Malaysians. The Salak Land District area is near Kuching High Court and Wisma Bapa Malaysia, making it a sought-after location for Kuching residents.”
“Zecon Group is a veteran in building infrastructure and properties for both public and private projects across Malaysia. We are proud to be part of this PR1MA programme and share our expertise in infrastructure and building works.”
Under this joint development agreement, Zecon and PR1MA will share the costs and expenditures for the construction and completion of necessary and common infrastructures for this development.
Source from: Borneo Post Online