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Advancecon bags RM11.54 mil ECRL subcontract

Advancecon Holdings Bhd’s unit has been appointed as a subcontractor for the construction and completion of subgrade earthwork of section five of the East Coast Rail Link (ECRL) project for RM11.54 million.

DONE DEAL: Townhouse, Saujana Melawati, Kuala Lumpur

Noteworthy:

  • Freehold
  • Built-up size: 1,733 sq ft
  • Land size: N/A
  • 4 bedrooms, 3 bathrooms
  • Semi-furnished
  • Nearby amenities : Schools and educational institutions, Melawati Mall, supermarkets, National Zoo Malaysia, hospitals, Wangsa Maju LRT Station,
  • Accessibility: MRR2, DUKE highway, AKLEH highway, Karak highway

When: February 2023

Pavilion REIT's 1Q property income rises 11.5% amid increased occupancy, rental income

Pavilion Real Estate Investment Trust (REIT)’s net property income rose 11.5% to RM104.8 million in the first quarter ended March 31, 2023 (1QFY2023) from RM93.99 million in the same quarter a year earlier, as it reported stronger revenue thanks to higher rental income due to increased occupancy, rent revenue, and advertising and marketing income at its retail malls.