Fajarbaru to develop Medi-City project in Batu Kawan, covering 235.8 acres


KUALA LUMPUR: Fajarbaru Builder Group Bhd has accepted a letter of offer from Penang Development Corporation (PDC) for the proposed development of Medi-City in Batu Kawan, covering approximately 235.8 acres.

In a statement, the turnkey contractor and property developer said the development project will be divided into two parcels with Fajarbaru set to purchase Parcel 1, which spans 51.17 acres, in 2025.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Applications open for Jelawang Capital's next Emerging Fund Managers' programme
Oil flat as chances of US strike on Iran recedes
Asia shares near record high on AI optimism, dollar up on receding Fed cut bets
Singapore's December exports rise 6.1% y-o-y, weaker than expected
PNB offers US$300mil secured exchangeable sukuk to strengthen portfolio diversification
Bursa Malaysia buoyed by improved investor appetite
IMF's growth forecasts to show resilience to global trade shocks, Georgieva says
Trading ideas: Binastra, Kerjaya Prospek, D&O, Dengkil, SkyGate, NexG, Vestland, Chin Hin, SC Estate Builder, ES Sunlogy, Infomina
Wall St ends higher as banks gain on upbeat results
Oil settles down as Trump comments ease Iranian supply concerns

Others Also Read