Kuala Lumpur soon to boom with mega projects
With a slew of mega projects scheduled to transform the Kuala Lumpur skyline, the capital city will soon be in a construction boom.
‘1MDB only holds 20% of Air Itam land purchased’
GEORGE TOWN: Government strategic fund 1Malaysia Development Bhd (1MDB) only holds 20% or 23.
Khidmat Runding Jatipadu not authorised by 1MDB
KUALA LUMPUR (Nov 13): A third party not linked to or authorised by 1Malaysia Development Bhd (1MDB) and the government, is purporting to be the project manager for Bandar Malaysia and Tun Razak Exchange (TRX) developments.
Two bidders shortlisted for Bandar Malaysia stake sale
KUALA LUMPUR (Nov 13): The race to pick up a 60% stake in 1Malaysia Development Bhd’s (1MDB) prized project Bandar Malaysia is down to two bidders, one of which is said to be a consortium led by a China-based company in a tie-up with tycoon Tan Sri Lim Kang Hoo and several other local developers.
Two major property players expanding landbank
THE slowdown in the real estate market does not seem to have deterred property-related companies from buying more land.
WCT to reap about RM60m profit from TRX contract win
KUALA LUMPUR (Oct 21): WCT Holdings Bhd is expected to reap only about RM60 million in pre-tax profit from the RM754.
WCT pays 1MDB RM223 million @ RM3,100 psf for TRX land
GEORGE TOWN (Oct 20): 1MDB Real Estate Sdn Bhd (1MDBRE) yesterday awarded WCT Holdings Bhd a RM754.
WCT bags 1MDB Real Estate contract worth RM70.4 mil
KUALA LUMPUR: WCT Holdings Bhd’s wholly-owned subsidiary WCT Bhd (WCT) has received a contract worth RM70.
LTAT keen on Bandar Malaysia?
KUALA LUMPUR: Lembaga Tabung Angkatan Tentera (LTAT) is said to be keen on taking part in 1Malaysia Development Bhd’s (1MDB) multibillion-ringgit Bandar Malaysia development, according to sources familiar with the project.
