Dr Mahathir: ECRL project to continue if price is right
KLANG (Feb 26): Prime Minister Tun Dr Mahathir Mohamad said yesterday that Malaysia will continue with the East Coast Rail Link (ECRL) project if the price is right.
A toll on highway concessionaires?
KUALA LUMPUR: The spotlight is on Gamuda Bhd and its peers which own highway concessions once again as the government is working on ways to honour its promise to abolish tolls in stages.
WCT executes LRT3 novation agreements with Prasarana, MRCB George Kent
KUALA LUMPUR (Feb 22): WCT Holdings Bhd announced that its wholly-owned subsidiary WCT Bhd had today executed three novation agreements with Prasarana Malaysia Bhd and MRCB George Kent Sdn Bhd with regards to the proposed Light Rail Transit 3 (LRT 3) projects secured by WCT Bhd.
Mindef lost RM258m in land swap deal with Syed Mokhtar — sources
KUALA LUMPUR (Feb 22): The Ministry of Defence (Mindef) allegedly lost RM258 million by selling the Royal Malaysian Air Force base in Kinrara, Puchong at a 34% discount to tycoon Tan Sri Syed Mokhtar Albukhary in a politically motivated land swap deal, said sources contacted by The Edge Financial Daily yesterday.
ECRL discussions ongoing, hope for price reduction
KUALA LUMPUR (Feb 21): Discussions on the East Coast Rail Link (ECRL) project is still ongoing and details will be revealed soon, said Finance Minister Lim Guan Eng.
DONE DEAL: Industrial land, Kundang, Selangor
Sold for: RM6 million (RM90 psf) Concluded by: Desmond Chia (REN 19255) of Hartamas Real Estate OUG Sdn Bhd (012-987 9117) When: November 2018 Noteworthy: ● land size: 6,266 sq m (about 67,446 sq ft) ● Freehold industrial land ● Flat and empty land ● 10 minutes to NKVE interchange According to Desmond Chia, the real estate negotiator who closed the deal, the seller has owned the land for 10 years and decided to unlock its value by selling it.
‘Some planned PR1MA projects may be scrapped’
SEMENYIH (Feb 21): The housing and local government ministry said that the 1Malaysia People’s Housing Programme (PR1MA) is currently being reviewed and that some of its proposed projects that are deemed unviable may be scrapped.
Talks to revive ECRL advancing – report
PETALING JAYA (Feb 20): Negotiations to restore the stalled multi-billion ringgit East Coast Rail Link (ECRL) infrastructure project are likely in the “last mile”, said Foreign Minister Datuk Saifuddin Abdullah in a Bloomberg report.
‘Quicker approvals for developers who use standardised IBS models’
KUALA LUMPUR (Feb 20): The housing and local government ministry and works ministry have come up with several models of industrialised building system (IBS) homes that, if used by developers in constructing affordable homes, will result in quicker project approvals.
MBPJ seizes items from Bandar Sri Damansara homes owing RM1.1m in arrears – report
PETALING JAYA (Feb 19): Majlis Perbandaran Petaling Jaya (MBPJ) enforcement officers raided 500 homes in Bandar Sri Damansara belonging to people who owe RM1.
