KUALA LUMPUR: Permaju Industries Bhd subsidiary Hardie Development Sdn Bhd (HDSB) has inked a memorandum of understanding (MoU) with O&C Construction Sdn Bhd (OCCSB), to jointly complete the development of the Princess Heights project in Menggatal, Kota Kinabalu with a gross development value (GDV) of RM1 billion.
In a filing with Bursa Malaysia yesterday, Permaju executive director Yvonne Chai Woon Yun said the 44.28ha project is a mixed residential and commercial development that comprises shops, shop-offices, terraced houses, townhouses and a four-storey hypermarket.