News by Ahmad Naqib Idris

Eco World Development Bhd was named the ‘Best of the Best Employers’ by global talent consultancy Aon Hewitt, at the Aon Best Employers — Malaysia 2016 awards.

Deputy minister of Federal Territories Datuk Loga Bala Mohan said Kuala Lumpur City Hall (DBKL) will be spending a total of RM92 million to upgrade infrastructure in Kuala Lumpur (KL), to prevent further floods in the future.

Construction company Zelan Bhd is tendering for contracts worth RM4 billion this year, comprising local infrastructure projects, as the company winds down its overseas operations.

“For the genuine developers, house prices will not drop because they set the price where it will give them a reasonable return."

Mercury said the contract entailed the construction of four apartment towers involving 648 apartments at Pekan Tanjung Kling Sek 11, Daerah Melaka Tengah, Melaka.

Spanning over 1,386.05ha with an estimated investment of S$58.3 billion over the next 20 years, Forest City is expected to fuel the economy in the Iskandar region and neighbouring Singapore.

For 2016, the company will be launching 15 projects with a total GDV of RM2.5 billion; these are spread out over the Klang Valley, Pahang and Batu Pahat, Johor.

Its executive director Datuk Anderson Thor Poh Seng said contribution from its joint venture (JV) property development project dubbed 368 Residences in Jalan Segambut here will also only be coming in towards end of FY16.

The group’s operating companies in Johor include PTP, Johor Port, Senai Airport City, Senai Airport Terminal Services and Seaport Worldwide.

Magna Prima has over 30 acres of prime landbank, inclusive of the lands they are looking to dispose