KUALA LUMPUR (Sept 19): The federal government through the 42nd National Physical Planning Council (MPFN) meeting on Monday agreed to approve the East Coast Rail Link (ECRL) integrated land use master plan or better known as PeGTaECRL. Prime Minister Datuk Seri Anwar Ibrahim said the document would drive development around 20 stations and along the…
Read MoreKUALA LUMPUR (Sept 15): UEM Sunrise Bhd, which is selling a 4.01-acre plot in Kiara Bay here to Melati Ehsan Holdings Bhd in a related-party-transaction (RPT), said the deal enables the group to monetise the land at its current market value while allowing it to retain control over the land’s development via a development rights…
Read MoreKUALA LUMPUR (Sept 14): The Construction Industry Development Board Malaysia (CIDB) is leading a delegation of 21 Malaysian construction players to explore business opportunities in Indonesia, according to the government agency’s press release dated Sept 13. The construction-related businesses took part as exhibitors in the Malaysian Pavilion hosted by CIDB at the Construction Indonesia 2023…
Read MoreKUALA LUMPUR (Sept 14): Kenanga Research kept its “overweight” call on the building material sector after industry players logged slightly improved earnings for the second quarter of 2023 (2QCY2023). Kenanga noted that in 2Q2023, 20% of results came in above its forecast, while 40% came in within and below its forecast. It noted that the…
Read MoreKUALA LUMPUR (Sept 15): Tropicana Corp Bhd, in a collaboration with the Langkawi Municipal Council Tourism City, has completed the RM2.5 million renewal of the 0.49-acre Pantai Kok rest and recreation (R&R) centre in Langkawi, according to the developer’s press release on Friday. The initiative saw the upgrading of existing facilities including eight commercial lots,…
Read More(From left) Chew, Isaac, Lim, Richard and Victor at the roof topping-up ceremony. SELANGOR: Construction and property developer LBS Bina Group Bhd subsidiary, MGB Bhd, commemorates its Idaman BSP structure with a roof topping-up ceremony. Located in Bandar Saujana Putra, Idaman BSP is the first of six Rumah Idaman MBI projects launched by MGB in…
Read MoreSetia EcoHill 2 unveils Banyan terrace homes, final phase of the SEHati collection With prices starting from RM678,000, Banyan’s intermediate units comprise 4 bedrooms and 3 bathrooms, while the corner units offer 4 bedrooms and 4 bathrooms with a favourable North-South orientation. SELANGOR (Sept 15): The Setia EcoHill 2 township in Semenyih recently saw the…
Read MoreKUALA LUMPUR (Sept 15): Pilot testing for the open payment system (OPS), a toll collection using debit card, credit card or prepaid cards, is now being conducted at two highways under Projek Lintasan Kota Holdings Sdn Bhd (Prolintas), namely Guthrie Corridor Expressway (GCE) and Ampang-Kuala Lumpur Elevated Highway (Akleh). Prolintas group chief executive officer Datuk…
Read More(From left to right) UEM Sunrise chief development officer Mardiana Tukiran, chief marketing officer Kenny Wong, and COO Liong Kok Kit at the Kiara Bay sales gallery in Kepong. PETALING JAYA: Property developer UEM Sunrise Bhd is set to introduce Residensi ZIG, the second phase of its Kiara Bay township, on Sept 16 in tandem…
Read MoreIn the first half of 2023, 11,092 landed residential homes were launched alongside 5,453 high-rise units, says the National Property Information Centre. PETALING JAYA: Residential property launches in the first half of 2023 plunged 50.2% to just over 16,000 units from 33,205 units in H1 2022, said the National Property Information Centre (Napic). Compared to…
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