Kerjaya Prospek bags RM98m building contract in Andaman Island, Penang
The contract involves the construction of residential units across two phases.
The contract involves the construction of residential units across two phases.
M Legasi is Mah Sing’s largest freehold township in the Klang Valley, covering 500 acres with an overall GDV of RM3.
Paramount said the suit is unlikely to impact its finances, as the SPA signed in December 2024 allows TBSB to cancel the deal and claim a refund if legal issues block the transaction.
The Arden office tower is located within TA Global’s 48-acre Damansara Avenue masterplan, a mixed-use development with direct access to the Sri Damansara MRT station.
The contract was awarded to Ageson Kensetsu Sdn Bhd, a wholly-owned subsidiary of TXCD, by Vestland Resources Sdn Bhd.
The hospitality operator said both agreements — SPA 1 and SPA 2, dated Dec 11, 2020 — had automatically lapsed as of Dec 31, 2024, due to the non-fulfilment of the agreed conditions within the stipulated time frame and the absence of any further extension.
The property developer highlighted that one of its key JV projects, Solasta Dutamas — a three-tower residential development in Mont Kiara with a gross development value of RM771 million — is progressing well and is on track for completion in 2026.
The project, a joint venture with Belgium-based Port of Antwerp-Bruges International (PoABI), is designed to be a long-term, sustainable maritime and industrial hub that is centred on value-added and innovation-driven industries.
Damansara Heights home with great potential, sold | DONE DEAL Desa ParkCity condo with stunning views sold (Westside III) | DONE DEAL Plaza Damansara in Damansara Heights is a well-known commercial area with a mix of offices, shops, and places to eat.
Director-general Datuk Jayaselan K Navaratnam said one of the key changes will be to clearly separate the responsibilities between the Strata Titles Act 1985 (Act 318) and the Strata Management Act 2013 (Act 757), with the former focused on ownership and the latter on building management.