Regal Explores Modular Housing Systems for Building Affordable Housing
Representing Regal Lands Sdn. Bhd. (“Regal Lands”), a wholly-owned subsidiary of Regal International Group Ltd. (“RIG” or together with its subsidiary, the “Group”), Mr. Dominic Su, Executive Chairman and CEO of RIG, signed a Memorandum of Understanding (“MOU”) with Weifang Henglida Steel Structure Co., Ltd. 潍坊亨利达钢结构有限公司(“WHSS”) to explore cost-effective prefabricated modular housing systems and technologies on 28 March 2017 in Qingdao, China.
Continuous Initiative to Streamline Cost Structure
Together with WHSS, Regal Lands will be exploring the feasibility of adopting prefabricated modular housing systems, henceforth enhancing its affordable housing projects in Sarawak. This new strategic alliance is expected to value-add to the Group’s core property business and complement its cost-cutting corporate strategy, consequently raising RIG’s profile as a proficient builder-developer.
Photo taken during the signing ceremony in Qingdao.
“Modular housing systems help speed up site construction time, reduce on-site material wastages and manpower requirements. In return, these cost saving measures can be translated into better quality houses with a more affordable price tag, which is exactly what Regal’s customers want,” remarked Mr Su, who believes in putting customers’ requirements as the company’s first priority.
Witnessed by the Sarawak delegation led by Assistant Minister for Urbanisation, Datuk Talib Zulpillip , the MOU signing concluded the nine-day working visit organized by the Housing Ministry and Urbanization and Sarawak Housing and Real Estate Developers’ Association (Sheda) Kuching Branch, to various factories and production sites specialized in affordable housing solutions in Hong Kong, Guangzhou and Qingdao.
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About Weifang Henglida Steel Structure Co., Ltd.
Founded in 1995, Lida Group (Weifang Henglida Steel Structure Co., Ltd, Qingdao Lida Construction Facility Co., Ltd and Shouguang Lida Prefabricated House Co., Ltd), is a professional manufacturer of steel structure building, prefabricated house, container house, light steel villa, sandwich panel and profiled steel with ISO9001, SGS and CE certification. Lida Group, as a member of the House Structure Association, branch of China Steel Structure Association and other associations, is one of the most powerful enterprises of steel structure and temporary building projects in Shandong Province and in China.
For more information, please visit Weifang Henglida Steel Structure.
Please click on the following link(s) to download the full media article(s):
* 29 March 2017, The Borneo Post
Other related links:
* Borneo Post Online, “Switching to modular housing”, 24 March 2017
* Borneo Post Online, “Enhancing affordable housing”, 28 March 2017
* The Borneo Post, “Social impacts brought about by project the main lesson from the visit”, 28 March 2017