Absence of new infrastructure projects a dampener on construction sector, says RHB Research
Meanwhile, the potential reduction in project cost for the MRT3, from RM50.
Meanwhile, the potential reduction in project cost for the MRT3, from RM50.
Local Government Development Minister Nga Kor Ming, in his written reply to Parliament, said that his ministry will issue the letter through the Department of National Housing to affected buyers to help ease their financial burden.
Expressions of interest will now only close on Jan 31 and closing of submissions have been extended until March 20.
A “sick” project is one that has been delayed by more than 30% compared to its scheduled progress, or one whose sales and purchase agreement (SPA) has lapsed, according to the National Housing Department.
It is unclear which companies are linked to the project awards.
The refund process involves the handing over of cheques amounting to approximately RM1.
“Since the extension of time is dismissed, this court is not seized with the jurisdiction to hear the merits of the judicial review application.
MK Land is among the Large Scale Solar 4 (LSS4) @ MEnTARI programme project owners that have been granted PPA extension.
KOTA KINABALU (Jan 26): The Tanjung Aru Community Development Leader Unit (UPPM) has urged the Sabah Housing and Town Development Board (LPPB) to identify a nearby People’s Housing Project (PPR) for the Tanjung Aru Flat residents after the latter had informed them to vacate their homes due to safety reasons, reported by The Borneo Post.
KUALA LUMPUR (Nov 12): Former Penang chief minister Lim Guan Eng’s appointed private law firm made a “big mistake” when evaluating the preliminary agreement of the Penang undersea tunnel project between the Penang state government and Construction Zenith BUCG Sdn Bhd, the Sessions Court heard on Friday (Nov 12).