SunCon clinched RM1.54 billion worth of new contracts year to date, including the RM310 million Petronas Leadership Centre project secured recently.

The takeover list of highways includes the North South Highway (PLUS) for RM30.8 billion, Prolintas (RM3.1 billion), Gamuda Bhd (RM5.6 billion) and IJM Corp Bhd (RM2.7 billion).

Magna Prima’s focus will still be on clearing its existing inventory of RM254.4 million at cost in Boulevard Business Park, Jalan Kuching, and Desa Mentari projects.

Its total manufacturing tender book is now at RM500 million which is largely skewed towards projects in Singapore, including Industrialised Building System (IBS) related jobs and Deep Tunnel Sewerage System 2. This does not include orders from the North South Corridor Expressway and Jurong Region Line.

The hotel industry is also facing fierce competition from short-term rental homes that are flooding the market due to a property glut.

Driven by the surge in demand for the King of Fruits, the transacted prices of these lands in durian-growing hot spots such as Pahang and Negeri Sembilan have skyrocketed since 2013.

The Joint Management Body (JMB) or MC could assist in the process of applying for the strata titles by liaising with the appointed liquidators/developer on behalf of the owners or to bring this matter up to the respective Land Office for consultation and to file a complaint against the developer so that the relevant authority may prosecute the developer.

We believe the property division’s profit for the quarter was driven by its 140-unit landed villa development in its flagship township, Bandar Bukit Puchong.

S P Setia secured about RM1.9 billion new property sales (excluding land sales of RM87 million) in 1HFY19 versus RM2.1 billion in 1HFY18, with the majority of new sales coming from the central region (about 60%) of Malaysia.

Sited on 6.5 acres of freehold land, The Tropika @ Bukit Jalil is a RM781 million GDV mixed development of residential and commercial components.