Sime Darby Property Bhd, the property arm of conglomerate group Sime Darby Bhd, will be launching Senada Residences, which forms a part of the rebranded RM8 billion gross development value (GDV) Alya Kuala Lumpur, in September.
Stronger revenue from management services, due to the provision of facilities management to additional properties, also contributed to the rise in quarterly revenue.
“The tests and trial runs will not involve members of the public as we have to be absolutely sure that everything works fine before we open the line to the public.”
MRT Corp chief executive officer Datuk Seri Shahril Mokhtar said 86% of the first phase of the line has been completed, with trial runs to start in October.
So while the central bank’s move is in line with the easing policies globally, it is not substantial enough to revive the local property market, which has been tied down not only by tighter lending policies, but also the abolition of the developer interest bearing scheme (DIBS) and the hike in real property gains tax (RPGT).
According to MRT Corp director of strategic communications and stakeholder relations Datuk Najmuddin Abdullah, the packages will be awarded in 2017.