Zecon inks deal with PR1MA on housing development

PETALING JAYA: Sarawak-based Zecon Bhd has entered an agreement with PR1MA Corp Malaysia to develop PR1MA homes and retail units on a 54 acre area in Salak land district, Kuching.
Its wholly-owned subsidiary, Zecon Land Sdn Bhd, will have four years to build 2,000 units of homes and retail units, and transform the land to a total built-up area of 3.7 million square feet. PR1MA purchased the land from Zecon for RM46 million.
"This joint development project with PR1MA is a hallmark project for Zecon Group. It is the largest development for the group to-date and one that is closest to home for us," said Zecon chairman Datuk Hamzah Drahman said.
Under this joint development agreement, Zecon and PR1MA will share the costs and expenditures for the construction and completion of necessary and common infrastructures for this development.