Perak Corporation Bhd said on Monday it has signed a development agreement to move forward with a housing project that will help rescue the financially-troubled state-owned real estate developer.
Development of the Teluk Dalam land, measuring 56.31 acres (22.78 hectare), involves a gated housing scheme with bungalow, semi-detached houses and terraced houses, Perak Corp said in an exchange filing. The project will be developed over four phases to be completed by 2032, the PN17 company said.
TheEdge11 Mar, 2024 13:45pm - 1 month