Most wall conditions with hairline cracks can be repaired with a good repainting system if the wall plaster is well bonded without signs of hollowness or water seepage.
The industry, the market and the people may have had their doubts when they first heard of the multi-billion pound Battersea Power Station (BPS) development in London by a Malaysian consortium, but the BPS team has not let naysayers distract them from their work, which is targeted for completion next year.
Operating conditions have remained challenging in recent times, hence fund-raising activities of this nature are increasingly common among property players.
IJM is also an excellent proxy to the East Coast Rail Link (ECRL) project revival (expected after July 25) which will benefit three of its business divisions — construction, Kuantan Port and manufacturing.
We believe that Tiong Nam would face tough competition given the expectation of a stagnant property market in Johor. This is due to the fact that other property developers will also have to clear their unsold properties.
"Therefore, the simple mathematics will conclude that it is vastly cheaper for the government to acquire the highways than to pay compensation, since the acquisition cost of RM6.2 billion is self-financed. On the other hand, if the toll rates are merely frozen, these concessionaires will collect at least RM5.3 billion in compensation from the government.”
Under the Strata Management Act 2013 (SMA), the Management Corporation’s (MC) and the Joint Management Body’s (JMB) ultimate function is to properly maintain and manage the subdivided building or land, and the common property.