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Siab Awarded Property Project In Penang Worth RM176 Million

Business Today ·  Jul 3 18:34

Siab Holdings wholly-owned subsidiary, Taghill Projects Sdn Bhd had announced that it had accepted a LOA from Exsim Noordin Sdn Bhd, for the proposed main building and infrastructure works in Penang in a deal worh RM176million.

The work includes alteration and addition for seven units of existing 2-storey heritage buildings, conversion of upper level of two units of existing 2-storey heritage buildings and construction of a 29-storey serviced apartment building comprising four units shop and 603 units of serviced apartments in George Town Penang.

The duration of the Project is 30 months from the date for possession of site of the Project on 1 August 2024.

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