Taghill wins RM 166 million construction contract for Penang commercial development
Bitget2026/10/29 11:13- Taghill Holdings’ subsidiary Taghill Projects accepted a RM 166 million construction contract, excluding applicable service tax.
- Exsim Waterfront awarded the contract on October 29, 2026, for a commercial development on Plot 4 in George Town, Penang.
- Main building works cover two serviced-apartment towers with 236 and 257 units, respectively, alongside retail space, parking and recreational facilities.
- Construction starts January 18, 2027, with completion scheduled for January 17, 2029, subject to contractual extensions.
- The contract requires a RM 8.3 million performance bond, equivalent to 5% of its value.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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