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SouthPlace 2 Residences will comprise 553 apartment units with built-ups from 583 sq ft, featuring one- to four-bedroom layouts.

The counter closed up 15.

In a note on Thursday (July 20), the research house said this was after the higher job flows from the private sector valued at RM39 billion in the first half of 2023 (1H2023) versus the public sector at RM9 billion in the same period, with the number of new applications for construction personnel reaching 151,500 applications in 1H2023, according to the Construction Industry Development Board’s data.

Jorge Perez, the chief executive officer of Related Group, one of Miami’s largest builders, told the WSJ that he “passed” on the deal because Genting wanted the whole acquisition price upfront rather than in stages.

The group is selling the property, via its wholly owned unit Metro Envy Sdn Bhd, to Gorgeous Arena Sdn Bhd (GASB), Tex Cycle said in a filing with Bursa Malaysia.

Siab said as both the group and Taghill are currently involved in the building construction services, the proposed acquisition will enable both companies to leverage their combined strengths and expertise in the construction industry, as well as respective business relationships with various industry stakeholders.

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.

Additionally, Low believed that the unchanged OPR is expected to help property developers with financing costs.

With built-ups from 3,455 square feet (sq ft) to 10,559 sq ft, these units come with a starting price of RM1.

Year-to-date, Vestland has successfully bagged a total of RM667.