News by Sangeetha Amarthalingam

Industry players concurred that the risk of cancellation for these jobs is minimal. MRT 2, LRT 3 and Pan Borneo [Highway] are among the safe ones.

Tower REIT said the revaluation done by independent valuers, Raine & Horne International Zaki and Partners Sdn Bhd, will raise the unaudited net asset value by 2.71 sen per unit.

Chief minister Lim Guan Eng said this in relation to 1MDB president and group chief executive officer Arul Kanda Kandasamy's recent admission that the 234 acres of land it purchased in Air Itam here for RM1.38 billion by the group's property arm, 1MDB Real Estate (Ayer Itam) Sdn Bhd, was not 100%-owned.

To be developed in eight phases, the proposed project will feature cluster homes, semi-detached homes, shop offices and homes under the Johor affordable housing scheme.

The proposed approx. 35km alignment of DUKE Phase-3 will traverse north to south of Kuala Lumpur and serve areas such as University Tunku Abdul Rahman, Wangsa Maju, Setiawangsa, Ampang, Tun Razak Exchange and Bandar Malaysia, and Kerinchi.

Anzo, formerly known as Harvest Court Industries Bhd, said it had entered into a settlement agreement yesterday (Dec 16) to terminate the June 19, 2014 SPA.

Bina Darulaman expects to derive a profit of RM14.5 million from the proposed development, which will comprise 255 units of two-storey terrace house and 40 units of two-storey shop offices, to be known as Phase 2.

Some 1,000 acres (404.69ha) of land on the two isles to the south of Penang island that will be reclaimed as part of the state government’s land swap deal with SRS Consortium for the Penang Transport Master Plan (PTMP) have been earmarked for industrial development.

Work at Penang TMP expected to start in 2018

Despite a slower property market, Tropicana delivered commendable sales performance in the first nine months of the current financial year, chalking up new sales of RM1.26 billion with unbilled sales at a record of RM3.1 billion as at end-September 2015.