Malaysian Resources Corporation Bhd (MRCB) plans to acquire a freehold land in Penang for RM26 million.
MRCB entered into a sales and purchase agreement with MBSB Development yesterday to purchase the beach-front land measuring 13,533 sq metres.
The land, located near Bayview Hotel and opposite to Ferringhi Villa, will be used by MRCB to develop high-end apartments.
By Business Times
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