News by M

Chief executive officer Datuk Azmir Merican said the group currently has works-in-hand worth RM13.5 billion, consisting of contracts and concessionaires with periods between five and 10 years.

All eyes on Budget 2019 as Pan Borneo project too faces delays

'They can buy the property, but we would not give them visas to come and live here.' 

'Taman Rimba Kiara is being discussed and decided on because things have progressed to a certain level where we cannot just block it like that as there are legal and financial implications.'

“I’ve already submitted the names to Tun Mahathir for his final verification. I hope to be able to confirm by the middle of the month.”

“Where is it that we’ve seen glittering archipelagos like Malaysia’s Forest City and Melaka Gateway developments before?” 

“The biggest alarm is the refinancing pressure. Although developers try to hoard cash, their buffers are draining.”

It was reported yesterday that AsiaMalls also found a buyer for the SStwo Mall in Petaling Jaya.

Good healthcare services, superb access to commercial malls and the low cost of living are the strength of Malaysia in attracting foreign property investors.

The contract, entailing the construction work for a 5.7km by-pass from Bandar Baru Ayer Itam connecting to Lebuhraya Tun Dr Lim Chong Eu, was awarded to Buildmarque Construction Sdn Bhd, a newly incorporated wholly-owned subsidiary of Vertice Construction Sdn Bhd, which in turn is fully owned by Vertice.