Taghill clinches RM152 mil mixed-development project in Pahang
The project includes four business blocks, one serviced apartment block, and a six-level podium parking structure with residential facilities.
The project includes four business blocks, one serviced apartment block, and a six-level podium parking structure with residential facilities.
The transit-oriented development project will add 19% to MRCB’s total remaining gross development value (GDV), for it to reach RM38.
The 18-storey commercial complex comprises 271 hotel rooms, offices, restaurants, cafes, function rooms, banquet halls and swimming pools.
The properties, comprising two pieces of leasehold industrial land in Kawasan Perindustrian Gebeng, have a combined land area of about 17.
The construction group said the contract was awarded by NextDC Sdn Bhd, the Malaysian unit of Australia's data centre operator NextDC Ltd.
Construction stocks, in particular, have declined, but premium price multiples have not been fully reversed, JPMorgan said on Friday.
The Bursa Malaysia Construction Index, which tracks 50 stocks in the sector, fell to a fresh three-month low of 263.
Looking ahead, HLIB expects further sectoral growth in 2025, with major projects such as the RM8.
The Bursa Malaysia Construction Index, which tracks 50 stocks in the sector, was down to its lowest in more than three months.
Bintai fell into the PN17 status after its external auditors flagged the company’s ability to stay as a going concern — an accounting parlance that casts doubt on an organisation’s resources and income to stay afloat — in the financial statements for the financial year ended March 2023.