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Fajarbaru Builder secures second contract for JB apartment project

Construction outfit Fajarbaru Builder Group Bhd (KL:FAJAR), which in April clinched a deal to build apartments under the first phase of WCT Holdings Bhd's (KL:WCT) AdisonWest development in Johor Bahru, has now been awarded the contract for the second phase.

DONE DEAL: Factory, Meranti Puchong Industrial Park, Puchong, Selangor

Noteworthy:

  • Leasehold
  • Built-up size: 7,233 sq ft
  • Unfurnished
  • Nearby amenities: MRT 16 Sierra, MRT Cyberjaya City Centre, Taylor’s International School Puchong, residential communities, small businesses, and F&B outlets
  • Accessibility: Putrajaya-Cyberjaya Expressway, ELITE (Putrajaya Link), LDP, Kesas, NPE, SKVE

When: June 2024

Inheritance tax will be a burden to family’s heirs, says REHDA

An inheritance tax will only be a burden to the family’s heirs, and particularly stifling to lower income or middle-class children of well-to-do parents who would have to bear the possibly excessive tax they are suddenly ladened with due to the property they inherited.