Low demand to impact businesses
THE Kuala Lumpur office market will remain restrained in the near future despite opportunities for investors, institutional funds and real estate investment trusts.
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.
Phase 1 of Gamuda Land’s Kundang Estates fully sold
PETALING JAYA (Dec 20): Gamuda Land Sdn Bhd, the property arm of Gamuda Bhd, has fully sold out phase 1 of its 90-acre Kundang Estates in Kundang, Selangor during its launch in end-November.
Mudajaya secures RM559 mil MRT2 contract
KUALA LUMPUR (Dec 20): Mudajaya Group Bhd has won a RM558.
TRIplc up after Puncak Niaga says buying entire stake
KUALA LUMPUR (Dec 19): TRIplc Bhd rose as much as 29 sen or 14% on news Puncak Niaga Holdings Bhd is purchasing the entire stake in TRIplc for RM210 million cash.
Puncak Niaga to buy construction firm TRIplc for RM210 mil
KUALA LUMPUR: Puncak Niaga Holdings Bhd is buying over the business of construction firm TRIplc Bhd for RM210 million to enhance its construction segment's revenue and long-term growth prospects.
Gamuda 1Q earnings flat at RM162 mil as revenue dips on completion of MRT1 work
KUALA LUMPUR (Dec 16): Engineering, construction and infrastructure player Gamuda Bhd's net profit came in largely flat in its first quarter with a slight dip in revenue as construction works for the MRT1 or MRT Line 1 tapers off.
MMC Gamuda launches first phase of MRT SBK Line ahead of schedule
KUALA LUMPUR (Dec 16): MMC Gamuda KVMRT (PDP) Sdn Bhd completed and launched the first phase of the Sungai Buloh-Kajang (SBK) Line yesterday, two weeks ahead of schedule.
Ekovest brushes aside ringgit concerns in relation to highway project
KUALA LUMPUR (Dec 16): The weak ringgit against the US dollar is not expected to have a major impact on the construction of Ekovest Bhd’s Setiawangsa-Pantai Expressway (SPE), formerly known as the Duta-Ulu Kelang Expressway (DUKE) Phase 3.
YNH in talks to sell Pantai Hospital Manjung
KUALA LUMPUR (Dec 16): YNH Property Bhd (YNH) is planning to sell one of its medical institutions, Pantai Hospital Manjung in Perak, to Pantai Medical Centre Sdn Bhd (PMC) for RM63 million.
