Non–cancellation of LRT3 a short term reprieve for contractors, says CIMB Research
Five stations will be scrapped, while the 2km tunnel will be reviewed.
Five stations will be scrapped, while the 2km tunnel will be reviewed.
“The suspect, who understands the local residential market due to his job with a developer, acts in a very professional manner…”
"We cannot rush into things," Works Minister says.
The contract comprises the construction of a four-level shopping complex, three levels of car park, a level of open landscape with retail space, an information centre (future development), as well as the future development of Lot PT157 in Seksyen 67 of Jalan Tun Razak.
During his presentation entitled “Strata Titles – latest developments and current issues” at the Property Management Time Bomb Seminar 2018 today, he shared the intricacies of setting up a sub-MC with key difficulties including cost, complications, and conditions that must be adhered to.
The calculations become even more complicated if the property comprises multiple elements, such as in the case of an integrated development that consists of a shopping mall, retail units, residences, serviced apartments and offices.
There are bound to be problems and issues when you live within a strata community. Some of these challenges are more commonly encountered than others. What are they and how do you deal with them?
“We were appointed by the Yang di-Pertuan Agong, and so, it is only right that the instructions to step down come from him.”
Finance Minister Lim Guan Eng said the final total cost of the LRT3 project is reduced by 47% from RM31.65 billion to RM16.63 bilion, saving Malaysians a total of RM15.02 billion.
Prasarana will not be taking over or calling off the project.