News about island

The contract involves the construction of residential units across two phases.

According to Kerjaya Prospek's announcement to Bursa Malaysia, the contract covers the execution and completion of a foundation piling system and pile caps, the construction of a basement and two levels of lower ground and all associated site works and earthworks for the proposed two blocks of 52 storey service apartments.

The “marina-inspired living” homes have sizes ranging from 979 sq ft for the two-bedroom units while three-bedroom units range from 1,177 to 1,356 sq ft.

“Things have been going well, and the amount of GDV we can generate from our launches has become more consistent.

Thus far, the developer has launched projects totalling a GDV of RM1.

In terms of prospects, the company said it is finalising plans to introduce its first sea-facing residential apartment project on the Andaman Island in Penang and is aiming for that to be launched towards the end of the year.

SD Guthrie owns 11,000 hectares or about 85% of land in Carey Island.

"LBS Bina's land bank (as at end-May) totalling 2,661 acres will continue to drive growth and profitability, while reaffirming its commitment to maximise shareholder value and deliver sustainable long-term returns,” said its executive chairman Tan Sri Dr Lim Hock San.

MGB said the contract is for the development of two blocks of D’Island Residence service apartments, along with related facilities.

Earlier this year, the group raised RM255.