Effective July 1, 2025, the measures include a one-year exemption for non-reviewable contracts, separation of taxable service and non-taxable material components in mixed contracts, and exemption for residential portions in mixed developments.
The improved earnings were attributed to accelerated progress billing for the KL 48 project, as well as lower administration expenses and finance costs.
An open tender for the second main civil works package (CMC2)—which covers the alignment from Macallum to Penang Sentral, including a bridge across the Penang Strait—will be launched soon.
The job involves building the superstructure for a 45-storey apartment block, a seven-storey car park and amenities floors, and a guardhouse.
Last Friday, the construction company announced that it has secured a RM1.
In a joint statement, Master Builders Association Malaysia (MBAM), Persatuan Kontraktor Bumiputra Malaysia (PKBM) and Persatuan Kontraktor India Malaysia (PKIM) said the sudden enforcement, introduced without a transition period, risks paralysing the construction sector.
This came after the Low family vehicle, Low Chee Group Sdn Bhd, disposed of its entire 22.
The contract award marks the main construction phase for the hyperscale data centre, which Sime Darby Property previously secured through a long-term build-and-lease agreement announced in December 2024 with Pearl Computing Malaysia Sdn Bhd.
The properties comprised 25 units of residential apartments, 5 units of commercial shops, 142 units of offices, 284 units of carpark and 99 units of motorcycle parking spaces.
Bandar Bukit Raja is one of Sime Darby Property’s flagship townships and one of the largest integrated developments in the Klang district.
The only property app you need. More than 200,000
sale/rent listings and daily property news.
