The project entails the construction and execution of main building works for a 45-storey structure, including a 38-storey serviced apartment block comprising 380 units, a two-storey basement carpark, and a five-storey elevated carpark.
The tax at a rate of 5% to 10% (previously known as the luxury tax) will come into effect in May.
The completion of the contract works is within 34 months, which will commence on Jan 3 and is scheduled for completion by Nov 2, 2026.
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The premium, currently charged at 21.
Besides IJM, the other two consortium members are said to be Pestech International Bhd and French rolling stock maker Alstom, both of which are the original contractors.
On a quarterly basis, the group’s net profit came in higher from RM4.
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Ekovest said the two groups will participate in infrastructure concession assets, large-scale infrastructure projects, food security and trading initiatives, retailing ventures and transit-oriented development (TOD) projects.
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