DONE DEAL: Industrial land, Kundang, Selangor

Sold for: RM6 million (RM90 psf) Concluded by: Desmond Chia (REN 19255) of Hartamas Real Estate OUG Sdn Bhd (012-987 9117) When: November 2018 Noteworthy: ● land size: 6,266 sq m (about 67,446 sq ft) ● Freehold industrial land ● Flat and empty land ● 10 minutes to NKVE interchange According to Desmond Chia, the real estate negotiator who closed the deal, the seller has owned the land for 10 years and decided to unlock its value by selling it.

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MRT Corp CEO Shahril Mokhtar resigns

KUALA LUMPUR (Dec 17): Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) chief executive officer (CEO) Datuk Sri Shahril Mokhtar will be stepping down from his post at the end of the year to pursue other career options.

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MRT2: Margin squeeze inevitable

KUALA LUMPUR (Oct 29): The good news that MMC-Gamuda KVMRT (T) Sdn Bhd received last Friday that the consortium will remain the contractor for the underground portion of the mass rapid transit Sungai Buloh-Serdang-Putrajaya Line (MRT2) project comes with a catch.

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