News by THEEDGEMARKETS.COM

In a statement Wednesday (Dec 8), OCR said it will utilise Plytec Formwork Sdn Bhd’s self-climbing platform (SCP) technology in the construction of YOLO Signature Suites in Bandar Sunway, Selangor.

“If you look at the [recent] Budget, there are a lot of potential construction jobs but what we see is that there is some de-emphasis on the government in terms of mega projects like there is no mention of Mass Rapid Transit Line 3 (MRT3) for example. Secondly, a lot of the construction projects and the development expenditure (DE) most likely will benefit smaller non-listed players.

According to a statement on Tuesday (Dec 7), the development is located on a 95.16-acre freehold land near Gunung Lambak. It is a freehold masterplan residential development featuring six phases comprising 545 homes with a gross development value (GDV) of RM336 million.

The construction and property group said the project entails the development of 100 affordable houses and six single-storey shop lots on 11.55 acres of government land.

According to a statement on Dec 7, the estimated gross development value (GDV) for Rafflesia 2 is RM37 million. The residential development consists of three layout types, with built-up sizes starting from 1,615 sq ft. The starting price is from RM411,300 per unit.

In a report on Monday (Dec 6), cryptocurrency news portal Cointelegraph said data from industry metrics platform NonFungible.com indicates that there has been more than US$300 million (RM1.27 billion) in NFT sales over the past week.

Malaysian Rating Corporation Bhd (MARC) said the issuance of the first tranche of the SLB is part of Sunway REIT’s maiden sustainable financing exercise and marks the culmination of the REIT's strategic collaboration with OCBC Bank (Malaysia) Bhd, which was, earlier this year, appointed as Sustainability Structuring Coordinator for the Unrated Medium-Term Notes Programme.

In a Bursa Malaysia filing on Monday (Dec 6), the group said the proposed acquisition will be funded by cash via internally generated funds and/or bank borrowings.

“Our primary aim remains to deliver unparalleled value and a variety of branded sports gear but now in a fresh, easy-to-shop format across our various sports and lifestyle zones, [which] include informative LED screens at both the entrance and in-store to highlight latest promotions, trends and activities,” Gibbons added. 

Amirudin said on Thursday (Dec 2) that the State government also has no intention to delay the construction of the East Coast Rail Link (ECRL), which is expected to have a positive impact on the people of the East Coast States and the Klang Valley