During the State Legislative Assembly sitting on Monday (Dec 6), Sabah Chief Minister Datuk Seri Hajiji Noor said that the redevelopment will consist of hotels, resorts, residential and commercial areas equipped with parks and recreational areas.

Phase 2 of IOI City Mall (ICM) has been scheduled to open by June 2022, according to IOI Properties Group Berhad (IOIPG), chief executive officer Datuk Voon Tin Yow.

“Currently, the ceiling price of affordable housing is set at RM300,000 and it needs to be reviewed as many people are affected and have slipped from the M40 group to the B40 group due to the Covid-19 pandemic,” he said when winding up the debate on the Supply Bill 2022 at the committee level for the ministry in the Dewan Rakyat on Monday (Dec 6).

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.

In a statement today, SIRIM said the appointment of Sirim STS as the secretariat for the rail industry standards was recently made by Technology Depository Agency Bhd (TDA), an agency under the Minister of Finance (Incorporated).

The Construction Industry Development Board's (CIDB) chief executive Datuk Ahmad Asri Abdul Hamid said a proactive approach has been taken by the Ministry of Works (MoW) through the CIDB to increase vaccination rates among construction workers.

The National Property Information Centre (Napic) has recently published a report on Nov 25 which shows that there were 30,290 unsold completed residential units worth RM19.75 bil as of September 2021 with 18,829 units are high-rise units and the remaining 6,803 units are of terrace houses. There were 30,926 units worth RM19.99 bil in the previous corresponding period.

McCrea said: “There is a scramble to do something in the financial setting, and in the world of environmental, social and governance (ESG). We are seeing this being driven by big investment companies. It is definitely [linked] to the property sector — we have a lot of developers and managers who are involved. However, everyone is prickly about ESG risks.

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

According to The Star, TRX City chief executive officer Datuk Azmar Talib said that the current progress of the development has now reached 80% completion with The Exchange TRX likely to be completed in the fourth quarter of 2022.