‘Cabinet agrees to remove PDP of Pan Borneo Sarawak’

KUALA LUMPUR (Spet 6): The government has decided to terminate the project delivery partner (PDP) agreement for the Sarawak portion of the Pan Borneo Highway project although nearly half of the first phase has been completed, sources close to the matter said.

READ MORE

KL's lower plot ratios may drive land prices down – report

PETALING JAYA (Feb 16): The lower plot ratios for property developments under the newly-gazetted Kuala Lumpur City Plan 2020 (KLCP 2020) will likely drive down the prices of development land in the capital as project densities – and consequently profitability – are reduced, reported The Edge Malaysia.

READ MORE

Vizione-Vertice JV accepts RM815m Penang Mega Infrastructure job

  KUALA LUMPUR (Feb 1): Vizione Holdings Bhd announced yesterday that its joint venture company with Vertice Bhd has accepted the RM815 million contract from Consortium Zenith Construction Sdn Bhd to undertake construction works for Package 2 of the Penang Mega Infrastructure project.

READ MORE

It’s not a wage problem, houses are just too expensive

  PETALING JAYA (Jan 30): To resolve the property supply and demand mismatch in Malaysia, Khazanah Research Institute (KRI) director of research Dr Suraya Ismail opined that housing prices just need to be within the average wage earners’ affordability level.

READ MORE