Knight Frank: Logistics sub-sector to see uptick in 2020

PETALING JAYA (Jan 8): The revival of notable mega infrastructure projects in 2019, namely the East Coast Rail Link (ECRL) and the Bandar Malaysia project in Kuala Lumpur that will house one of the stations of the Kuala Lumpur-Singapore High Speed Rail (HSR); and the Johor Bahru-Singapore Rapid Transit System (RTS) will continue to improve market sentiments and restore investors’ confidence, according to Knight Frank Malaysia in its Real Estate Highlights for 2H2019 released today.

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Gadang eyes new Pan Borneo Sabah packages next year

KUALA LUMPUR (Nov 6): Gadang Holdings Bhd said it intends to participate in the open tender process for the three Pan Borneo Sabah packages — worth RM925 million — to be awarded next year, besides having submitted bids for some RM1 billion worth of construction jobs.

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Upcoming Budget 2020 expected to boost construction job growth

Construction sector Maintain neutral: We expect the upcoming Budget 2020 announcement on Oct 11 to prioritise public transport projects but limited to those already awarded, revised and approved: Light Rail Transit Line 3 (LRT3), Mass Rapid Transit Line 2 (MRT2) and East Coast Rail Link (ECRL).

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