The 30-month projects entails the addition of seven units to the existing four of a two-storey heritage building, and the conversion of two units from residential to commercial, as well as the construction of a 29-storey serviced apartment building in George Town, Penang.
Nevertheless, Lim said the local steel industry is still challenging as it is grappling with overcapacity issues, which led to low capacity utilisation at an average of 39.
The elected deputy president was Kenneth Liew Kiam Woon of LFE Engineering Sdn Bhd.
Chief project officer of PropNex Malaysia Steve Tong: "We meticulously filter products to ensure they are safe and have good future potential.
Attendees can look forward to discovering exclusive property deals and promotions available only at the expo, which will also offer sessions on property financing, legal considerations and more.
Upon completion of the acquisition, Sunway pointed out that the acquisition will also entail financial requirements to fund the future development of Sakura Residence.
In a bourse filing on Tuesday, Bursa said it is likely to occupy two storeys of The Exchange 106 if the discussion with Mulia Property Development Sdn Bhd materialises.
The announcement confirms The Edge’s report last week which stated that Singtel, through its indirect subsidiary Nxera My Pte Ltd, had been in discussions with Malaysian authorities to establish a data centre in Iskandar Puteri.
Zamirzan also said that the URA will consider redevelopments for sick and abandoned projects, where homebuyers only have the sale and purchase agreements but not their strata titles.
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