Strata management bodies — how do they work?
AS a city grows, the development of high-rises becomes inevitable.
High Court allows EKVE developer to be intervenor
KUALA LUMPUR (June 8): The High Court here yesterday allowed an application by the developer of the East Klang Valley Expressway (EKVE) project to be an intervenor in a lawsuit by three environmental organisations to challenge the Selangor Forestry Department’s decision to close Taman Rimba Ampang (Ampang Forest Park) to make way for the project.
‘Higher funding costs prompt banks to revise BR, BLR rates’
KUALA LUMPUR (June 2): Higher costs of funding prompted some banks to raise their base rates (BR) and base lending rates (BLR) recently, the first time since January 2015, when the BLR structure was replaced with a new BR system.
AZRB: Environmentalists’ protests against EKVE has not hindered construction work
KUALA LUMPUR (June 1): Protests by environmental groups against the East Klang Valley Expressway (EKVE) project have not disrupted the construction work which is progressing according to schedule, said the project’s concessionaire Ahmad Zaki Resources Bhd (AZRB).
Fewer but bigger LRT3 packages to go around
THE RM9 billion worth of jobs to be awarded under the third light rail transit (LRT) line project by the end of the year has been one of the bigger catalysts in the pipeline for the construction industry.
Almost half of Oakland Commercial Centre phase 4F's shops/offices sold at launch
PETALING JAYA (May 31): Oakland Commercial Centre II phase 4F in Seremban, Negeri Sembilan has received encouraging response with 40% of its 182 shop units and offices taken up during a launch on May 15, 2016.
RM3b development central to EcoFirst’s turnaround efforts
KUALA LUMPUR (May 30): EcoFirst Consolidated Bhd is marking the start of its expansionary phase, after over five years of restructuring efforts, with the launch of the first phase of its RM3 billion gross development value (GDV) Ampang Ukay development targeted for next month.
Centennial Business Suites KL aims to open second serviced office next year
PETALING JAYA (May 25): Singapore-based Centennial Business Suites Pte Ltd aims to open a second serviced office next year in the KL city centre, said Centennial Business Suites KL centre manager Camy Chow.
DBKL to spend RM92 mil on flood prevention infrastructure
KUALA LUMPUR (May 24): Deputy minister of Federal Territories Datuk Loga Bala Mohan said Kuala Lumpur City Hall (DBKL) will be spending a total of RM92 million to upgrade infrastructure in Kuala Lumpur (KL), to prevent further floods in the future.
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Juta Asia Corp and CapitaLand to hold a preview for genKL condos this weekend
PETALING JAYA (May 19): Property developer Juta Asia Corp and Singapore’s CapitaLand will hold a preview for the genKL condominium development, which comprises 332 units, in Kuchai Lama at Bangsar South this weekend, said CapitaLand Malaysia in a press release on behalf of both parties.
