News by M

Sri Petaling’s property market is expected to continue to enjoy growth on rising demand from developers looking for land beyond the city centre, said property consultants.

The property developer said revenue stood at RM908.5 million, on the back of a 86% take-up rate of its two projects in Setia Alam launched in 1QFY16 with a gross development value (GDV) of RM128 million.

Out of RM4.2 billion jobs awarded for MRT2.

The Genting group has filed a lawsuit against authorities in the southern US state of Florida, in an apparent last-ditch effort to force the state to allow card games and slots at its Resort World Omni Center in downtown Miami, the Miami Herald reported.

Mass Rapid Transit Corp Sdn Bhd (MRT Corp) has awarded four work package contracts for the construction of the MRT Sungai Buloh-Serdang-Putrajaya (SSP) line (MRT2), with a combined value of RM4.2 billion.

The Construction Industry Development Board (CIDB) said the government will be mandating that all public projects worth RM50 million and above to adopt the Malaysian Carbon Reduction and Environmental Sustainability Tool (MyCREST), in a bid to reduce carbon emissions in the construction industry.

The company’s education division, on the other hand, recorded a 67% jump in PBT to RM10.2 million from last year, on higher student enrolment and a RM2.3 million gain from the sale of student accommodation apartments, after KDU University College moved to its new campus in Glenmarie, Shah Alam.

The rental market in Cheras is driven by its proximity to Kuala Lumpur City Centre.

Up until recently, the property market in Cheras has consisted predominantly of mature, middle-class condominiums and apartments.