Labuan to get satellite town project 19th April, 2018

Labuan will soon have a satellite town in Saguking.

Called the Saguking Commercial Centre, the 4.67ha mixed-development project costing RM304.86 million is a joint venture between Labuan Corp (LC) and Gancang Development Sdn Bhd, reported Bernama today.

“Labuan needs to have more commercial infrastructure, which would not only help boost economic activities, but also generate revenue for the local authorities (in the form of assessment tax),” LC chairman Datuk Rozman Isli told reporters after the project’s ground-breaking ceremony in Labuan today.