To further strengthen its landbank, Penang-based PLB Engineering Bhd is purchasing a 3.02 acre freehold plot located along Jalan Jelutong in George Town. Through its wholly-owned subsidiary Excelgrand Properties Sdn Bhd (EPSB), PLB is paying RM8.59 million (or RM65.30 psf) to Crystal Prestige Sdn Bhd for the site.
(12-01-2009 New Straits Times)
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