“Under MRT Corp’s new strategy, MRT 3 will not adopt the single turnkey contractor structure as seen in MRT 2, and will likely divide the civil works scope into three to five main packages — each led by tier 1 contractors/consortiums that will undertake private financing for the first two years, prior to reverting to full government funding likely in 2024,” said CGS-CIMB analyst Sharizan Roseli
In a statement Thursday (Dec 9) THHE, a subsidiary of Urusharta Jamaah Sdn Bhd, said the deal was also to explore collaboration opportunities in civil engineering and construction business, both locally and internationally.
Spanning 5.6 acres of freehold land within the 88-acre Metropark township in Subang Jaya, the phase 1 of Alira houses 467 high-rise apartments with built-up sizes ranging from 695 sq ft to 998 sq ft. The selling price starts from RM493,800.
M Astra, which means "star" in Latin, will have three-bedroom and four-bedroom units, with indicative built-ups ranging from 850 sq ft to 1,044 sq ft. Prices start from RM399,000. The project sits on a five-acre land, which is envisioned to feature retail lots and drive-thru food-and-beverage outlets. Its architectural design incorporates the idea of courtyards to create a garden city living concept.
The affordable housing comprise 763 units of two-storey terraced houses and are part of Residensi D’Marina Phase 2 in Kuantan, Pahang, which has an estimated gross development value of RM219 million over four to five years.
Noteworthy:
When: July 2021
In a bourse filing on Wednesday (Dec 8), Scientex said the performance was attributed to an increase of 16.16% in revenue to RM678.1 million from its packaging division and a 14.5% improvement to RM250.1 million from its property division.
In a statement Wednesday (Dec 8), OCR said it will utilise Plytec Formwork Sdn Bhd’s self-climbing platform (SCP) technology in the construction of YOLO Signature Suites in Bandar Sunway, Selangor.
“If you look at the [recent] Budget, there are a lot of potential construction jobs but what we see is that there is some de-emphasis on the government in terms of mega projects like there is no mention of Mass Rapid Transit Line 3 (MRT3) for example. Secondly, a lot of the construction projects and the development expenditure (DE) most likely will benefit smaller non-listed players.
According to a statement on Tuesday (Dec 7), the development is located on a 95.16-acre freehold land near Gunung Lambak. It is a freehold masterplan residential development featuring six phases comprising 545 homes with a gross development value (GDV) of RM336 million.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
