SkyWorld Development Bhd won multiple awards at the QUEST 2024 event organized by the Construction Industry Development Board (CIDB) Malaysia, today.

Noteworthy:

• Freehold
• Built-up size: 9,000 sq ft
• 2 bathrooms
• Unfurnished
• Nearby amenities: Johor Bahru Senai International Airport, Johor Premium Outlets, KPJ Bandar Dato’ Onn Specialist Hospital, and schools
• Accessibility: North-South Expressway, SDE, Senai Highway, Jalan Lapangan Terbang, J8 Jalan Seelong, Persiaran SAC

When: July 2024

"With a significant 75% share within the JV, Gamuda’s share of the contract value is RM3.2 billion."

Currently, the Strata Management Act 2013 requires full consent from all strata owners before redevelopment can proceed, a requirement Nga described as "unreasonable and against public interest", especially for areas that are no longer safe to live in.

While acknowledging the rationale behind safeguarding the retirement savings of foreign workers, the association said the proposal will have significant cost implications, especially for the construction sector.

The build and lease agreement was signed between the company’s wholly owned subsidiary, Projek Tetap Teguh Sdn Bhd and a multinational corporation semiconductor maker based in Penang.

For 1QFY2025, the REIT declared a distribution of 1.52 sen per unit, slightly lower than the 1.55 sen per unit declared a year ago.

The escalating frequency of floods in Malaysia has become a pressing concern for both residents and policymakers.

Shares of Malaysian construction companies slipped on Monday, as the government refrained from announcing new mega infrastructure projects in Budget 2025.

While the newly announced Budget 2025 is not a “property budget”, property consultants applaud the introduction of tax relief for housing loan interest payments up to RM7,000, which is expected to encourage first-time homeownership.