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High cost derails Putrajaya's proposed trackless tram system

High cost derails Putrajaya's proposed trackless tram system

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Updated:
  • Putrajaya Corporation has halted the Automated Rapid Transit (ART) project due to financial unviability.
  • The estimated cost of RM211.95 million exceeded PPj's budget capacity, leading to this decision.
  • PPj is exploring alternative transport solutions and partnerships to address traffic congestion in the area.
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EcoWorld leads Singapore GLS tender with S$208.1m bid

EcoWorld leads Singapore GLS tender with S$208.1m bid

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Updated:
  • Eco World submitted the highest bid of S$208.1 million for a Singapore residential site.
  • This marks their first direct development participation in the city-state.
  • The site could yield 140 homes near Bright Hill MRT station.
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The Labs hosts Malaysian artist series at BBCC

The Labs hosts Malaysian artist series at BBCC

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Updated:
  • The Labs at BBCC launched an artist series with six Malaysian talents.
  • It runs from September 2026 to January 2027, featuring diverse art forms.
  • The series includes IP artists and muralists, with works displayed throughout BBCC.
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Wolo Hotel & Residences wins two Gold awards at China’s CREDAWARD

Wolo Hotel & Residences wins two Gold awards at China’s CREDAWARD

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Updated:
  • Wolo Hotel & Residences won two Gold awards at the 12th CREDAWARD in Shanghai.
  • It was the only Malaysian project shortlisted and the first to receive Gold recognition.
  • The project is an RM850 million development, set for completion in 2030.
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Penang adds 1,133 homes to rent-to-own scheme

Penang adds 1,133 homes to rent-to-own scheme

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Updated:
  • Penang added 1,133 homes to its rent-to-own programme, allocating RM49.26 million.
  • This helps lower-income families achieve homeownership.
  • The state aims for 22,000 RTO units by 2030.
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EXSIM Hospitality unit accepts RM42.48m building works subcontract

EXSIM Hospitality unit accepts RM42.48m building works subcontract

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Updated:
  • EXSIM Hospitality's subsidiary accepted a RM42.48 million subcontract.
  • It involves building services and general works for 24 months.
  • This is expected to boost EXSIM's financial performance.
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IOI Properties earmarks RM3.07b in REIT proceeds for investment, development

IOI Properties earmarks RM3.07b in REIT proceeds for investment, development

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Updated:
  • IOI Properties Group Bhd increased its REIT allocation to RM3.07 bil for development.
  • This revised plan includes new property investment and acquisition opportunities.
  • Debt repayment allocation was reduced to RM1.53 bil from RM3.04 bil.
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Kerjaya Prospek unit bags RM37.82m Pulau Andaman contract

Kerjaya Prospek unit bags RM37.82m Pulau Andaman contract

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Updated:
  • Kerjaya Prospek secured a RM37.82 mil contract for a Penang apartment project.
  • The work involves piling and substructure for 922 affordable units.
  • This contract is expected to boost the group's revenue and earnings.
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Experts call for greater local gains from data centre growth

Experts call for greater local gains from data centre growth

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Updated:
  • Malaysia aims for data centre expansion to build local capabilities, not just capacity.
  • Mida emphasises lasting value, stronger businesses, and local opportunities.
  • The focus is on sustainable industry growth and high-value employment for Malaysians.
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Rehda inks MoUs with MGTC, MCMA to advance sustainable property development

Rehda inks MoUs with MGTC, MCMA to advance sustainable property development

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Updated:
  • Rehda signed MoUs with MGTC and MCMA.
  • These agreements promote sustainable property development and carbon market understanding.
  • The goal is to integrate green tech and ESG practices in real estate.
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