Binastra Corp gets RM283m KL apartment construction contract
Its outstanding order book now amounts to RM2.
Its outstanding order book now amounts to RM2.
According to UN-Habitat, cities of the future can accommodate at least 15,000 people per km², that is 150 people/ha or 61 people/acre, and we need to assess if our city meets that ratio in sustainable urban growth.
The project involves the construction of 246 business serviced apartments and 62 affordable business units, five levels of parking and other resident facilities, Inta Bina said.
CEO Sufian Abdullah said: “Our industry stands at the crossroads, shaped by transformative forces that demand our attention.
The scope of work includes the construction and completion of cold water, rainwater harvesting, water reticulation, fire hydrant, foul water, and sewerage services for the data centre.
DONE DEAL: Bungalow, Taman Pantai, Bangsar, Kuala Lumpur DONE DEAL: Terrace house, Sierramas West, Selangor Desa ParkCity remains highly exclusive and desirable, with 68% of households falling into the T-20 income range, and average transacted prices for landed residential properties never dipping once in the past five years.
"This initiative also aligns with our ongoing ESG (environmental, social, and governance) commitment to encourage property buyers to adopt greener living, reduce carbon footprint, and embrace a cleaner and greener future.
"The acquisition marks a significant milestone in Maming Group of Companies' strategic plan to expand its footprint in the Malaysian property development industry.
The Housing Credit Guarantee Scheme is set to incentivise first-time homeownership, boosting growth in the residential real estate sector in the second half of the year.
The loss-making company added that it expects the contract to contribute positively to its revenue and earnings from the financial year ending June 30, 2025 onwards.