News by M

Last Wednesday, Anzo announced that its wholly-owned construction arm, Harvest Court Construction Sdn Bhd, had received a letter of intent from Tinta Anggun Engineering Sdn Bhd for a RM109.3 million contract to build Phase 2 of the Porto De Melaka Hotel and Resort development in Melaka

TAHPS Group CEO Eugene Khoo said the project will be made up of 140 units of gated and landed houses on a 20.23ha plot of land.

Malaysia’s representative Chai Min Li has emerged as the Platinum winner in the Interior Design category of the regional instalment of Nippon Paint’s Asia Young Designer Award (AYDA) 2016. She competed against participants from 14 other Asian countries to take home the US$1,000 (RM4,413) prize.

Under the contract, CapitaLand will oversee the pre-opening and retail management for the five-storey SingPost Centre mall, which has 269,000 sq ft of GFA (excluding carpark) and a net lettable area of about 175,000 sq ft.

As for LBS Bina, it owns some 633 acres of land in Dengkil, which is less than 20km from KLIA.

Occupancy of Menara Exxon-Mobil is currently 60% (versus 100% in FY2016), after the Exxon-Mobil lease expired in January 2017.

Sunway Construction Group Bhd (SunCon) was awarded an RM152.4 million contract for the engineering, procurement, construction and commissioning of the gas district cooling plant 1 in Precinct 1, Putrajaya, involving both a chilled water supply system and power generation system. The job was awarded by the Putrajaya Group, and works will span from March 2017 to August 2018.

Will the central bank consider raising OPR when real interest rates continue to fall?

TEE International has declared about S$200,000 (RM634,000) of earnings for the third quarter ended Feb 2017, down 72.3% from the S$600,000 it reported a year ago.

The property developer said it is buying the freehold plots from two Singaporeans, Wellington Tan and Shenton Tan Seng Koon, to develop 400 mixed-residential units comprising bungalows, semi-Ds and terrace houses.