News by M

Executive chairman Tan Sri Lim Hock San said LBS has finished 2022 on a strong note, surpassing its sales target by 25%, and is cautiously optimistic about the property market in 2023.

Nestcon said the 41-month contract was awarded by Armada Istimewa Sdn Bhd for undertaking the construction and completion of earthworks, piling and pile caps, retaining wall, substructure, main building works and infrastructure works for the project.

Both the first and second phases of The Nobel Healthcare Park have a total gross development value (GDV) of RM250 million.

Tex Cycle Technology (M) Bhd has proposed to dispose of two detached factories in Puchong for RM19 million, noting that they have increased in value since their acquisition in 2004.

RDC Arkitek is the architect appointed by Austin Senibong Development Sdn Bhd for the construction of 77 units of three-storey shop offices at Bandar Jaya Putra in Tebrau district.

The new CEO, Rosmin Mohamed, was previously employed by the group's substantial shareholder Sime Darby Property Bhd. 

The project was previously delayed as GDB suspended work due to payment issues.

The property consultant firm reckons that the residential property market is expected to face some headwinds and challenging conditions in 2023.

Radium said that since 2013, it has delivered high-rise residential projects worth RM1.49 billion in GDV, all strategically located within Kuala Lumpur.

Edgenta Propel Bhd, a unit of UEM Edgenta, is the sub-contractor of the MRT2 project.