MRCB gets RM7.5b management contract for Kwasa Damansara job

KUALA LUMPUR (March 23): The joint-venture (JV) company between Malaysian Resources Corp Bhd (MRCB) and the Employees Provident Fund (EPF), which is undertaking the town centre development of the massive Kwasa Damansara township in Sungai Buloh, has appointed MRCB’s wholly-owned MRCB Land Sdn Bhd as the project’s management contractor for a provisional sum of RM7.

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Still a big question mark over Bandar Malaysia

Construction sector Maintain overweight call: Over the weekend, local newspapers covered several “what if” scenarios following the termination of the share sale agreement of the 60% stake in Bandar Malaysia to the 60:40 consortium formed by Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC) — valued at around RM7.

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Kwasa Land awards development rights for R3-1 to Gadang

KUALA LUMPUR (Oct 14): Master developer of Kwasa Damansara, Kwasa Land Sdn Bhd (Kwasa Land) has awarded the development rights for the plot known as R3-1 to Gadang Holdings Bhd (Gadang), an investment holding company with subsidiaries principally involved in civil engineering and construction, property development, water and power supply.

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