Speaking at MRT Corp’s media briefing, its chief executive officer Datuk Mohd Zarif Hashim (pictured) said the project’s construction cost is expected to be RM31 billion pending confirmation after the completion of the open tender exercise.

Respondents in the survey expect construction costs to surge an average of 19% in 2022 due to rise in prices of building materials, wages and financing costs.

The minister told the media that the jobs will be awarded in the fourth quarter of this year.

“In 1H22, we’re still faced with high numbers of daily infections, so people are looking forward to better times later in the year. I think everyone is hoping that the pandemic is going to be behind us by the second half of the year,” Rehda acting president Datuk N K Tong (pictured) said during a virtual presentation of the “Rehda Property Industry Survey for 2H2021 and Market Outlook 2022” on Tuesday (March 15).

The number of units sold compared to those launched translated into a sales performance improvement of 11 percentage points to 50% in 2H21 versus 39% in 1H21.

The research house said in a note that it sees heightened prospect of a stagflation in the sector due to the Russia-Ukraine conflict which has driven up global commodity prices amid prolonged supply chain disruptions.

“Sunway REIT is our top pick for the REIT sector underpinned by: (i) its diversified investment portfolio which encompasses retail malls, hotels, offices, a university, and hospitals that spread across Malaysia; (ii) strong occupancy rates which have exceeded 90% in retail assets; and (iii) stable rental income generated from the services and industrial segments,” the research house said while maintaining its fair value for the stock at RM1.66. 

The campaign, which is a partnership between EdgeProp Malaysia and the KTIC Group, will run from today until April 30, 2022. Users must apply by April 30, 2022 to be eligible to enjoy the promo. After signing up, users will be contacted by an authorised agent via email regarding their application and may pose any further enquiries regarding the packages to the said agent.

Hulu Langat district officer Dr Ani Ahmad said the order to evacuate was immediately issued to give space to the authorities to conduct a detailed study.

While the mansion boasts a massive 16-acre plot of land, its architecture is equally majestic.Only the finest material qualified for furnishing the mansion was used that includes sophisticated gold leaf ceilings with massive chandeliers, to decorated or panelled walls, and an equally intricate fireplace surround the stunning inlaid floors.