Fewer but bigger LRT3 packages to go around
The RM9 billion worth of jobs to be awarded under the third light rail transit (LRT) line project by the end of the year has been one of the bigger catalysts in the pipeline for the construction industry.
PROPERTY SNAPSHOT 3: What are developments priced in Bukit Jalil?
Based on transactions analysed by TheEdgeProperty.com, the average price of non-landed homes in the area was RM464 psf in 1Q2015, registering a 15.5% growth from RM402 psf in 1Q2014.
Kerjaya Prospek secures contracts worth RM278m, surpasses order book target
The contract comprises main building works for three blocks of apartments ranging from 21 to 25 floors and a car park podium with two floors.
Tropicana attracts another Chinese land investor
Finalising deal to sell tract in Johor to China’s Tiarn Group.
UEMS’ CNI lower due to slower-than-expected work progress
Sales of RM229 million are also lower than expected as they make up only 15% of the management’s annual sales target of RM1.5 billion.
IOI Properties to exceed RM1.7 bil sales target for the year
Property development increased by 72% y-o-y, mainly contributed by the Triling project in Singapore and IOI Palm City in Xiamen.
Sunway’s first-quarter core earnings slightly below estimates
Major launches in FY16 include Sunway Gandaria (gross development value: RM200 million), Sunway Geo Residences 3 (RM400 million), Casa Kiara 3 (RM200 million), Velocity (RM200 million), Sunway Iskandar (RM400 million) and others.
Gabungan AQRS leverages tie-ups with Suria Capital, Tanah Makmur
Gabungan AQRS Bhd’s partnership with state-linked companies, including Sabah’s Suria Capital Holdings Bhd and Tanah Makmur Bhd — whose major shareholders include Pahang’s crown prince Tengku Abdullah Sultan Ahmad Shah — puts it in a good position to bag future jobs.
PROPERTY SNAPSHOT 2: What’s affordable in Bukit Jalil?
Non-landed residential property indices in Bukit Jalil appear affordable. Based on TheEdgeProperty.com’s analysis of transactions, the average transacted price of non-landed homes was RM464 per square foot in1Q2015 while the average transacted price per unit was about RM555,000.
