1Malaysia Development Bhd’s (1MDB) wholly-owned subsidiary TRX City Sdn Bhd is starting infrastructure works on Tun Razak Exchange, which is located on a prime tract between Jalan Bukit Bintang and Jalan Tun Razak that was sold to the strategic investment fund for RM230 million or RM75 psf in 2010, say sources in the construction industry.

MKH Bhd launched the final phase of Maple in Hillpark @ Shah Alam North on Sept 24. The 2-storey garden homes will be located next to the township’s 16-acre Central Lake Park.

The Starling mall in Damansara Uptown, Petaling Jaya will already be 85% occupied by the time it opens for business end-November.

Scientex Bhd's net profit rose 10.7% to RM54.14 million or 23.54 sen a share for the fourth quarter ended July 31, 2016 (4QFY16) from RM48.91 million or 21.66 sen a share a year ago, on higher revenue contribution and better operational efficiency in the group's consumer packaging operations and resilient demand for its affordable properties in Johor.

Bina Puri Holdings Bhd bagged a plant building project at Petroliam Nasional Bhd's (Petronas) Refinery and Petrochemical Integrated Development (Rapid) in Pengerang, Johor.

Setia Precast Sdn Bhd, a wholly-owned subsidiary of S P Setia Bhd, has won the Industrialised Building System (IBS) Special Award for its construction of Seri Jati affordable apartments in Setia Alam.

Property developer Magna Prima Bhd said it will be launching the RM220.81 million gross development value (GDV) The View Residence, which will be constructed on its recently acquired Shah Alam land, sometime in the fourth quarter of 2016 (4Q16).

“Although property prices in Kota Damansara are moving up slowly, it is also steady.”

The new projects launched have a total gross development value (GDV) of about RM26.86 billion

Cheras is typically seen as an “old” area and not as exciting as Kuala Lumpur City Centre or Petaling Jaya (PJ), however, several key growth catalysts are about to change that perception.