Ireka unit bags development award in Terengganu for RM58.3mil

KUALA LUMPUR: Ireka Corp Bhd's unit Ireka Development (Terengganu) Sdn Bhd has accepted a RM58.3mil contract from Koperasi Permodalan Sahabat Terengganu Bhd (Kosahabat) to develop through privatisation an affordable and mixed housing development in Kuala Abang in Dungun, Terengganu.

In a statement, it said the proposed project will see the development of 284 home units and five commercial units over the next three years. The three home variants to be built are targeted at the B40 segment.