Company on track to achieve RM4 billion sales target in financial year ending Oct 31 (FY2016) after it achieved sales amounting to RM2.202 billion as at end-August, said president and CEO Datuk Chang Khim Wah.

George Kent said the jump in earnings was mainly contributed by higher contributions from its engineering and metering divisions.

Former president Datuk Ng Seing Liong said Rehda had proposed to the government to lower the Goods and Services Tax on building and construction materials by at least by half.

The 58-storey 419-apartment luxury condominium has reportedly sunk 16 inches into the ground, and is now tilting six inches to one side, according to the lawsuit filed by homeowners in a San Francisco court last month, giving rise to the property’s new nickname, “the leaning tower of San Francisco”.

“We want to provide a platform for bumiputeras who are looking to own a home. Here, they will find the bumi units that are offered by developers.”

More than 1,000 customers showed up during the official launch held at the SkyLuxe sales gallery in Bukit Jalil, Kuala Lumpur last weekend…

CapitaLand was one of the top performing foreign developers in Vietnam last year, with 1,321 homes sold at a value of S$226.5 million.

“We think that to improve cost of living, we should look at ways to improve people's productivity and income first.”

The project is under Program Perumahan Rakyat and the contract is slated to start from Oct 1 and to be completed by Sept 30 next year.

The first contract involves its subsidiary Sunway Construction Sdn Bhd, which has been appointed by MMC Gamuda KVMRT (PDP SSP) Sdn Bhd to undertake a package under the Mass Rapid Transit Line 2 project.