UMW disposes of 140 acres of land in Serendah to LONGi for RM304.9m
UMW Group said its unit UMW Development Sdn Bhd inked the deal on Tuesday.
UMW Group said its unit UMW Development Sdn Bhd inked the deal on Tuesday.
The group attributed the lower revenue to fewer construction activities caused by slower lead time for the supply of building materials.
Phase 1 occupies 11.
Its group chief executive officer Jeffrey Chew Sun Teong said that although the lingering economic uncertainties due to higher interest rate and inflation have dented buyer sentiment in general, new property launches planned for the rest of the year extend the group a stronger earnings prospect.
The JV will construct the warehouse according to the tenants’ specifications.
A townhouse is a unique type of property that has two self-contained, individual homes stacked upon each other.
Chin Hin’s expansion into the property development and construction segment in 2021 has also brought in the revenue of RM12.
Sime Darby Property group managing director Datuk Azmir Merican said the company is facing construction worker shortage of at least 50% to fully accelerate property projects to meet the company's planned schedule.
The fully integrated park is built for industrial and logistics operators, as well as small and medium enterprises (SMEs).