Careful study needed to deal with challenging market conditions
THE Malaysian property market has gone through a difficult patch and while no one can predict the future accurately, 2017 is not expected to be rosy either.
Rafizi: Public to ultimately bear burden of inflated MRT costs
KUALA LUMPUR (Jan 4): Malaysians will likely face higher taxes in future to help the government pay for the construction cost of the mass rail transit (MRT) project, which may hit above RM100 billion, according to Pandan member of parliament Mohd Rafizi Ramli.
Less job awards but better construction earnings expected
KUALA LUMPUR (Jan 3): The construction sector is expected to remain a bright spot amid the less-than-rosy prospects of the wider domestic and global economies — which are facing a multitude of uncertainties — with better earnings anticipated following the exceptional value of job awards seen last year.
MMC Gamuda explains ‘other associated costs’ for MRT1
KUALA LUMPUR (Dec 30): The project delivery partner (PDP) for Klang Valley mass rapid transport (MRT) Line 1 yesterday confirmed that the RM21 billion cited by the government as the project’s total cost excluded “other associated costs”.
Rafizi: MRT Line 1's RM21 bil cost excludes RM7 bil paid to consultant
KUALA LUMPUR (Dec 28): PKR lawmaker Rafizi Ramli today reminded that the final development cost for Klang Valley Mass Rapid Trasit (MRT) Line 1 should include RM7 billion payable to project consultant MMC Gamuda KVMRT (T) Sdn Bhd (KVMRT).
RM40 bil figure for KVMRT project 'no longer relevant', says MRT Corp
KUALA LUMPUR (Dec 24): Mass Rapid Transit Corp Sdn Bhd (MRT Corp) said today the original cost estimate of RM40 billion for the construction of the Klang Valley MRT (KVMRT) project is "no longer relevant" to be used for comparison with the current project that has materialised.
2017 rail theme positive for construction sector
Construction sector Maintain overweight: Last Friday, a day after the official launch of phase 1 of the mass rapid transit (MRT) Sungai Buloh-Kajang (SBK) line, we hosted a group tour for 10 domestic fund managers to experience the country’s first MRT system.
MRT Corp: Linkways between stations and buildings the responsibility of property owners
PETALING JAYA (Dec 20): Mass Rapid Transit Corp Sdn Bhd (MRT Corp) today explained that the linkways from stations to adjacent privately-owned buildings are supposed to be built by the property owners at their cost and according to their construction schedules This explanation from MRT Corp came about after users of the Sungai Buloh-Kajang (SBK) Line, which commenced operations last Friday (Dec 16), commented that pedestrian linkways were not completed along with the MRT stations.
