New methods: (From left) Sarena Cheah, joint managing director of Sunway Property; Ong; Mizutani; and Usugi at the signing of the agreement to study the feasibility of prefabricated housing in Malaysia.
Japanese Fortune 500 developer Daiwa House Industry Co Ltd (Daiwa) recently signed an agreement with Malaysia’s property-construction powerhouse, Sunway Group, to undertake a study to examine the feasibility of selling and manufacturing prefabricated or industrialised housing in Malaysia.
The agreement is the first step towards establishing a development and manufacturing partnership between the two corporations. Both parties will jointly identify a potential site within the next six months to build the first showcase residential development in Malaysia.
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