PR1MA, TNB in property tie-up

  • Business
  • Thursday, 07 Apr 2016

KUALA LUMPUR: Perbadanan PR1MA Malaysia has signed a definitive agreement with Tenaga Nasional Bhd (TNB) to develop two blocks of apartments on 3.33 ha land owned by TNB in Kajang.

PR1MA chief executive officer Datuk Abdul Mutalib Alias said that under the development plan, which was expected to be completed by end-2019, one block would be given to TNB for its employees and the other would be sold by PR1MA.

“TNB is the first government-linked company (GLC) that has stepped forward to work collaboratively with us in providing PR1MA homes for TNB employees as well as the rakyat who are eligible.

“We are looking forward to more collaborations with other GLCs, property developers as well as the Government and its agencies who have land in good locations to develop more PR1MA homes,” he told reporters at the agreement signing ceremony. — Bernama

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3

Business , Tenaga Nasional , PR1MA , Kajang , apartments


Next In Business News

CPO futures trading to remain range bound next week
Advisory panel unanimously recommends FDA authorize Johnson & Johnson COVID-19 vaccine
GameStop rally fizzles; shares still register 151% weekly gain
NYSE begins move to delist Chinese state oil producer CNOOC
Oil price drops on US$ strength and OPEC+ supply expectations
GLOBAL MARKETS-Globals stock slide on inflation fears
AMMB says it has enough capital to absorb 1MDB global settlement�
A five-year high for FGV Holdings
AMMB to pay RM2.83bil to the government
IHH to take proactive measures

Stories You'll Enjoy