A consortium comprising Hoi Hup Realty Pte Ltd, Sunway, Oriental Worldwide Investment Inc and Azuki Investments Pte Ltd has won a tender to acquire 5.19 acres (2.1ha) of 99-year leasehold land for a purchase consideration of S$240.95 million.

Late last month, George Kent (M) Bhd (via a joint venture [JV] with China Communications Construction Co Ltd [CCCC]) managed to beat six other contenders for Mass Rapid Transit (MRT) Line 2 track works worth RM1 billion (completion in May 2022).

Looking at old photos of Kuala Lumpur, one would notice that there were few tall buildings at the time. But fast-forward a few decades and the city now boasts an impressive skyline. The mix of old and new makes it a fascinating place to walk through.

When the Malaysia-China Kuantan Industrial Park (MCKIP) was launched in 2013, there were generally no high expectations of the project. Many just viewed it as another “corridor” that would probably involve a slew of land deals.

Year to date, its outstanding order book stands at RM2.5 billion, providing earnings visibility for the next 1.5 years.

“You coming?” asks Professor Dr Jimmy Lim, founder and principal of Jimmy Lim Design, as he steps into his home office.

Contractor-cum-developer Crest Builder Holdings Bhd, which has seen its earnings and revenue fluctuate from year to year, plans to reduce the fluctuations by staggering the timing of its property projects, says managing director Eric Yong Shang Ming.

Ireka Group of Companies has been keeping a relatively low profile in the property development sector in the past few years. Infrastructure and construction have always been key income contributors to the group.

The group went through a period of stabilisation and is now ready for its next phase of growth, its president and CEO Datuk Khor Chap Jen tells The Edge.

As housing affordability issues continue to persist while political pressure ensues, the government may be hard-pressed to relax policies for first-home buyers.