Latest news for: gamuda land

The strata market in Central City Kuala Lumpur is dominated by transactions of high-end condos and low-cost flats, with few middle-class products. In the 12 months to 1Q2015

Weakening sectoral growth will be further worsened by the increase of in-house premix cement and concrete plants by the construction companies, such as IJM Corp Bhd and Gamuda Bhd, in order to reduce costs and control the concrete’s mixture quality, and intense pricing, product rivalries and entrance of various dry mix products.

The Penang state government has officially appointed SRS Consortium led by Gamuda (60%) and two local firms, Ideal Property Development Sdn Bhd (20%) and Loh Phoy Yen Holdings Sdn Bhd (20%), to undertake the project delivery partner role in the Penang Transport Master Plan based on an alternative proposal submitted by the consortium.

Contributions from the construction of the RM1.5 billion Langat sewage treatment plant have been small in 2015 but should increase going forward.

Those who attended yesterday’s open session on the RM27 billion Penang Transport Master Plan were generally welcoming of the ambitious project. They were, however, also concerned about the impact it could have on the homes and the environment.

Finance director Ooi conceded the need to diversify the business due to increasing competition. “Our business volume may come from construction, but profit may be from other activities. For construction, we try to negotiate better margin and save costs,”

The awards gala night was held on Nov 30 at the Mandarin Oriental in Kuala Lumpur and more than 300 of real estate’s biggest players and experts came together to celebrate the industry’s best and brightest stars.

The property developers were ranked according to their overall score. After the points for the quantitative and qualitative attributes were tabulated, the results were audited by Deloitte Malaysia.

This year, Phase 15 of its Ambang Botanic residential development — by Harum Intisari Sdn Bhd, a subsidiary of Gamuda Land — bagged The Edge Malaysia-PEPS Value Creation Excellence Award 2015 in the residential segment. This makes it the third consecutive year that properties in Bandar Botanic have won the award.