The lower revenue was mainly because of lower revenue from its construction and property divisions, the effects of which were mitigated by toll rate hikes on certain expressways which boosted topline and profit before tax (PBT) in its water and expressway concessions division.

Gamuda Land, the property arm of Gamuda Bhd, plans to launch properties in four new townships over the next two years. The townships have an estimated total gross development value (GDV) of RM45 billion, said its group managing director, Datuk Lin Yun Ling.

Penang Town and Country Planning Department director Datuk Mohd Anuar Maidin said transport hubs along the light-rail transit (LRT) line highlighted in the RM46 billion plan would be included as primary development areas in the PSP2030.

Propelled by an impressive track record and a solid legacy, Gamuda Land moves forward to raise the bar in upcoming developments.

The Edge Malaysia Property Excellence Awards 2016 (TEPEA 2016) gala dinner, which was held at the Hilton Kuala Lumpur on Oct 31, saw more than 450 industry players and experts gathering to celebrate the industry’s best.

“In the coming weekends, more anniversary goodies will be shared with the public around high traffic areas in Petaling Jaya, Subang and Shah Alam.”

This marks the ninth time that S P Setia has clinched the top spot since The Edge Malaysia Property Excellence Awards was introduced in 2003. Last year, S P Setia was in 4th place.

Gamuda Land’s development philosophy is to start with a strong master plan. This is reflected in the many award-winning townships that the developer has built in Malaysia and overseas.

With these job wins, SunCon has secured RM2.6 billion worth of new construction jobs year to date, and exceeded management’s full-year target and our assumption of RM2.5 billion for 2016

The first contract involves its subsidiary Sunway Construction Sdn Bhd, which has been appointed by MMC Gamuda KVMRT (PDP SSP) Sdn Bhd to undertake a package under the Mass Rapid Transit Line 2 project.