KUALA LUMPUR: Skyworld Development Bhd
’s wholly-owned subsidiary, Aspirasi Cekap Sdn Bhd has secured a contract from Perbadanan PR1MA Malaysia (PR1MA) to develop affordable homes for PRIMA at Brickfields 2 in Kuala Lumpur.
PR1MA will be providing the development land for the proposed development and SkyWorld Development will be responsible for developing and completing the Proposed Development using its own funds, it said in a filing with Bursa Malaysia.
“The proposed development consists of 491 units of PR1MA Homes. In consideration of the development rights, the company will pay PR1MA RM32.17mil,” SkyWorld said.
The group expects the contract to contribute positively to future earnings and enhance the net assets of SkyWorld Development Group.
