Pesona Metro Holdings Bhd’s unit has secured a RM154.67 million contract for the main building works of a 28-storey condominium project in Cyberjaya for Lakefront Residence Sdn Bhd, a wholly-owned subsidiary of MCT Bhd.

Property developers in Peninsular Malaysia reported a 26% decline in unit launches and a 5% sales drop in the first half of 2022 (1H2022) from the second half of last year (2H2021), according to Real Estate and Housing Developers’ Association (Rehda) Malaysia.

168 Park Selayang will have three residential tower blocks and a two-level commercial mall.

Upcoming developments include the construction of Ipoh’s largest shopping mall spanning more than 1 million sq ft in gross floor area (GFA) with more than 2,000 car parks.

Noteworthy:

• Freehold
• Built-up: 8,000 sq ft
• Land size:  28,666 sq ft
• 11 bedrooms, 7 bathrooms
• Bungalow 
• Unfurnished
• Nearby amenities: convenience stores, Suria KLCC, KL Tower, Pusat Sains Negara, KLCC LRT station
• Accessibility: KESAS highway, EKVE highway, Ampang-Kuala Lumpur Elevated Highway (AKLEH) 

When: August 2022

Another new substantial shareholder has emerged in Jiankun International Bhd after subscribing for shares representing a 7.7% stake in the real estate developer via a private placement.

Heng Huat Resources Group Bhd’s managing director Datuk H’ng Choon Seng has ceased to be a substantial shareholder of Ivory Properties Bhd.

Pintaras said the contracts were clinched through its indirect wholly-owned subsidiary in Singapore, Pintary Foundations Pte Ltd.

The expressway is being built on a build-operate-transfer basis, with a concession period of up to 60 years.

"A simple act of wearing a mask may save your life and others,”