Based on our industry checks, we have estimated that the total value of ECRL civil works to be between RM22 billion and RM26 billion, being 50-60% of total project cost of RM44 billion.

Axis REIT has announced its proposed lease of 2.5 acres (1.01ha) of industrial land in the Batu Kawan Industrial Park, Penang

Unfortunately, the GST collections were not deposited directly into the Fund for GST Refunds, and this had caused delays in GST refund payments for more than a year. Instead, the GST collections that were deposited directly in the Consolidated Revenue Account were used for other purposes by the previous government. The delays in GST refunds had caused severe financial complications for the taxpayers.

“We are now looking at how we can do some capacity building to make sure our members are able to truly be professional property managers. At the end of the day, the most important thing is to make sure that all practitioners understand their responsibilities.”

Most wall conditions with hairline cracks can be repaired with a good repainting system if the wall plaster is well bonded without signs of hollowness or water seepage.

The industry, the market and the people may have had their doubts when they first heard of the multi-billion pound Battersea Power Station (BPS) development in London by a Malaysian consortium, but the BPS team has not let naysayers distract them from their work, which is targeted for completion next year.

Operating conditions have remained challenging in recent times, hence fund-raising activities of this nature are increasingly common among property players.

IJM is also an excellent proxy to the East Coast Rail Link (ECRL) project revival (expected after July 25) which will benefit three of its business divisions — construction, Kuantan Port and manufacturing.

We believe that Tiong Nam would face tough competition given the expectation of a stagnant property market in Johor. This is due to the fact that other property developers will also have to clear their unsold properties.

The exercise is currently awaiting further approval of the concessionaire shareholders as well as the final cabinet approval prior to a successful completion.