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UK apartments to be launched in Kuala Lumpur

KUALA LUMPUR: UK developer English Rose Estate Ltd will be selling its latest premium residential product called Rupert Street to the Malaysian market over this weekend in Kuala Lumpur.“Rupert Street will appeal to [Malaysian] investors looking for prime, central London Zone 1 locations with the highest specifications and designs,” said Ockert Van Den Berg, the chief executive officer of Englis

MRT to generate GNI of between RM3b and RM4b

KUALA LUMPUR: Malaysia’s Mass Rapid Transit (MRT) project looks to generate a gross national income (GNI) of between RM3 billion and RM4 billion per year, said Datuk Sri Sufri Mohd Zin in his speech at the 41st Master Builders Association Malaysia (MBAM) and International Federation of Asian & Western Pacific Contractors’ Association (IFAWPCA) convention from March 2 to 5 in Jakarta, Indone

Suntrack to launch Cyberjaya SoHos by end May

CYBERJAYA: Suntrack Development Sdn Bhd and Prima Avenue Property Sdn Bhd plan to launch their new Kanvas SoHo joint venture in Cyberjaya by end-May, said Suntrack project director James Tan.The SoHos, which are now open for registration and said to be “quite affordable”, are targeted at first-time property buyers, entrepreneurs, singles and couples working in Cyberjaya, he told reporters at a

Construction begins on Freeport A’Famosa Outlet Village

MELAKA: The Freeport A’Famosa Outlet Village in Alor Gajah has commenced construction after Tun Mohd Khalil Yaakob, the Yang di-Pertua Negeri of Melaka, broke ground in a ceremony last month.The development, a partnership between A’Famosa Group’s wholly-owned subsidiary Langkah Realiti Sdn Bhd and Freeport Retail, a European developer, will have an estimated gross development value of RM190 mil

Eco World looks to expand landbank in hotspots

KUALA LUMPUR: Eco World Development Sdn Bhd, helmed by former S P Setia Bhd executive director Datuk Chang Khim Wah, is looking to expand its landbank in the country’s top three property hotspots — namely the Klang Valley, Penang and Iskandar Malaysia, Johor.

Mah Sing’s RM411m JB land deal hits another snag

KUALA LUMPUR: Mah Sing Group Bhd’s proposed RM411.2 million acquisition of 1,352 acres (547ha) of freehold land in Plentong, Johor Baru hit another snag after the Estate Land Board rejected Bistari Land Sdn Bhd’s application to approve the deal.

Project 3B on Pulau Indah land?

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB), which last week won the coveted 2,000mw coal-fired power plant known as Project 3B, may move the proposed project site to Pulau Indah, Selangor, from its original location in Jimah, Negeri Sembilan.

klia2 terminal yet to get compliance certificate

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) has yet to receive the Certificate of Completion and Compliance (CCC) for the klia2 terminal in Sepang from its main contractor, the joint venture (JV) between UEM Construction Sdn Bhd and Bina Puri Holdings Bhd (UEMC-Bina Puri JV). The issuance of the CCC was initially scheduled for Jan 31, then postponed to Feb 28.