The REAL deal: Urban redevelopment key to sustainable cities
Malaysian regulations on redevelopment and, by extension, en bloc sales, must change, quickly.
Malaysian regulations on redevelopment and, by extension, en bloc sales, must change, quickly.
These were part of efforts to garner support for EdgePropSTART's featured projects – Curvo Residences by SkyWorld Development and The Era 2 by JKG Land.
Fitters said that the disposal between its indirect wholly-owned subsidiary — Rasa Anggun Development Sdn Bhd — and Aikbee had been terminated due to Aikbee’s failure to pay the balance purchase price on or before the extended completion date.
The Ministry of Local Government Development is working on a National Housing Action Plan, which includes home supply requirements based on metrics such as the ratio of the median house price to median income.
Global Marine was awarded the sub-contract of the project by Vista Infinity Development Sdn Bhd, which secured the project from the Ministry of Natural Resources, Environment and Climate Change.
The company said this mixed-use development site has a projected gross development value (GDV) of US$1.
Since the launch of the first project in 2014, SkyWorld has scored a take-up rate of 98%, for which executive chairman Datuk Seri Ng Thien Ping attributed to the group’s strategy of delivering the right product with right pricing and at the right location, coupled with good quality and workmanship.
Datuk Chang Khim Wah, president & CEO of EcoWorld Malaysia: Our dedicated team has also worked tirelessly to bring this interchange to life and it is their efforts that have culminated in this impressive structure that stands before us today.
We believe that NBES is a very impactful project which will contribute significantly towards expediting BIM adoption and enhance the ease of doing business in construction,” said CIDB chief executive Datuk Ahmad Asri Abdul Hamid in a press statement.
Contract for the building and related infrastructure works of an 18-storey serviced apartment and retail complex in Shah Alam, Selangor.