Sunway Bhd’s 51%-owned subsidiary Sunway Construction Group Bhd’s (SunCon) recent contract win of RM106.7 million has pushed the group’s order book replenishment to RM2.6 billion, successfully exceeding its annual target of RM2.5 billion.

The Penang state government has officially appointed SRS Consortium led by Gamuda (60%) and two local firms, Ideal Property Development Sdn Bhd (20%) and Loh Phoy Yen Holdings Sdn Bhd (20%), to undertake the project delivery partner role in the Penang Transport Master Plan based on an alternative proposal submitted by the consortium.

Contributions from the construction of the RM1.5 billion Langat sewage treatment plant have been small in 2015 but should increase going forward.

Going into 2016, we see S P Setia growing on a stronger footing with the top management and the middle management team filled up.

SD Apartment II in Bandar Sri Damansara appears to have gained the most, with its average price up 36.7% y-o-y to RM361 psf in the 12 months to March 2015. Also in the list of top performing properties was the neighbouring SD Tiara Apartment.

As the delay has dampened new sales this year, we expect it to grow significantly stronger next year to around RM350 million to RM400 million.

Sustainability the buzzword in design

Land & General has another upcoming project nearby called Damansara Foresta. Units at this high-end condominium were selling for about RM800psf.

Hotel Equatorial Melaka is a five-star 22-storey international business hotel located in Bandar Hilir, Melaka. Sime Darby acquired the asset in 1998 and the hotel is now 17 years old.

The development has a total of three blocks consisting of 500 PPA1M residential units, 316 public residential units and 20 commercial units.