OSK said performance of the property development division will continue to be driven by sales and progress billings from the existing projects and new projects to be launched in Malaysia and Australia.

Its engineering, construction and environment revenue jumped 4.5 times to RM467.65 million from RM103.49 million. Topline from property development and investment also grew 9%.

Property buyers of a multi-phase development need to be aware of whether the property they purchased is built on a subdivided land.

Najib said through this project, the government has implemented various river rebuilding initiatives such as upgrading of sewerage systems, adding garbage traps along the river and introducing an interceptor system.

Set to be boosted by new property project at Taman Megah and better occupancy rate for Cheras LeisureMall

For its property segment, PPB plans to launch its mixed development project with an estimated gross development value of RM500 million in Petaling Jaya by the end of this year.

Pasukhas said the claims launched against its 70%-owned unit Pasukhas Construction Sdn Bhd by the main contractor were over alleged wrongful repudiation and negligence in performing the work.

The group remains cautious for its property development division, and will only proceed with launches of its Kota Kinabalu, Kulai and Bukit Jalil projects after pre-sales information shows improvement in market sentiment.

Ahmad Zaki group managing director Datuk Seri Wan Zakariah Wan Muda said its effort of balancing project-based income with income generated through recurring sources are now "bearing fruit".

Residents of Taman Tun Dr Ismail (TTDI) has obtained leave from Kuala Lumpur High Court to pursue a judicial review against Dewan Bandaraya Kuala Lumpur (DBKL) and the KL mayor.