Prasarana knows initial RM10b cost estimate for LRT3 ‘inadequate’
KUALA LUMPUR (July 16): Prasarana Malaysia Bhd, which has been blamed by the finance ministry (MoF) recently for poor management which resulted in a jump in the Light Rail Transit 3 (LRT3) project cost, said it had known the initial projected RM10 billion cost for the project was “inadequate”.
Al-Salam REIT targets almost RM1bn acquisitions in next 3 years
PETALING JAYA (July 14): Al-Salam Real Estate Investment Trust (REIT) aims to add almost RM1 billion worth of commercial and industrial properties to its portfolio of properties over the next three years, reported The Edge Malaysia weekly.
New 700m skyscraper coming up in KLCC
PETALING JAYA (July 14): A 700m building tentatively named Tower M will come up within the Kuala Lumpur City Centre development after 2030, dwarfing the 630m Menara PNB 118 which is slated for completion in 2024, reported The Edge Malaysia weekly.
Highland Towers site — is revival possible?
With a name synonymous with tragedy, the Highland Towers site located in Ulu Kelang, Selangor has long been abandoned since a block of the condominium collapsed in December 1993, killing 48 people.
Public housing scheme to model Singapore’s HDBs
PETALING JAYA (July 13): Malaysian social housing may have its image transformed as the Housing and Local Government Ministry look to Singapore's Housing and Development Board's (HDB) model to address its disorganised system.
Penang to seek federal funding for PTMP if land reclamation not allowed
PETALING JAYA (July 13): Penang will request for federal funding for its Penang Transport Master Plan (PTMP) if its application to reclaim land from the southern coast of the island to create three man-made ones is rejected, reported the Malay Mail.
Here’s why prices of properties near the shelved LRT 3 stations won’t tumble
PETALING JAYA (July 13): While the government’s decision to drop six stations from the LRT3 may have caused a stir among the public, property consultants reckon the effects of the move is not significant and prices of properties along the scrapped stations will not tumble.
All BN reps on DBKL advisory board quit
PETALING JAYA (July 13): All seven Barisan Nasional (BN) representatives on the advisory board of Dewan Bandaraya Kuala Lumpur (DBKL) have resigned after receiving their formal letters, reported The Malaysian Insight.
George Kent and MRCB see active trading on news of LRT3 continuation
KUALA LUMPUR (July 13): Shares of Malaysian Resources Corp Bhd (MRCB) and George Kent (M) Bhd were among the most active counters in the morning trade today, as the Pakatan Harapan led-government gave the green light to carry on the light rail transit 3 (LRT3) project yesterday.
