IJM unit set to develop stalled Penang project

IInitially, IJM Land had planned to start work on The Light City in 2018, but given the property market slowdown, the plan had to be put on hold temporarily.

GEORGE TOWN: IJM Land Bhd’s construction subsidiary, Jurutama Sdn Bhd, is set to develop the stalled RM4.5bil The Light City project, which is located next to the Penang Bridge.

According to IJM Perennial Development Sdn Bhd general manager Tan Hun Beng, the details of the contract for the project were now being finalised and the contract should be awarded in early April.