Under the deal, MPSB will construct the building which will be able to accommodate 94 beds of single rooms with a minimum of 300 parking bays under Phase 1 of the project.

According to the press statement, the 10,000 affordable houses include Idaman Bukit Jelutong (launched on Thursday), Idaman Elmina West (upcoming launch), as well as other ongoing projects such as Rumah Selangorku housing project in Serendah, two high-rise affordable housing projects for Paramount Corp Bhd in Kemuning Utama and Greenwood Salak Perdana, and the Rumah Idaman project for Kwasa Land Sdn Bhd in Kwasa Damansara.

A disruption within the real estate industry seems inevitable. As such, many will need to adapt to the advent of new technologies as well as new business models to meet the ongoing changing demands in order to stay relevant in the field. 

The research house said in a note on Thursday that although retail sales and footfall have recovered since the relaxation of movement restrictions, it does not expect the recovery in retail sales and footfall to translate into a significant improvement in rental reversion rates for malls in the near term.

The stock opened at RM1.20 before rising to a high of RM1.24. As at 9.38am, the counter had risen six sen or 5.13% to RM1.23, valuing the construction outfit at RM1.53 billion. 

In a statement on Thursday (April 7), the solar PV and earthing and lightning protection specialist said the company's wholly-owned subsidiary Pekat Solar Sdn Bhd (PSSB) has accepted the letter of award from Sun Estates for its appointment as the turnkey engineering, procurement, construction and commissioning (EPCC) contractor for the project.

In a filing with Bursa Malaysia, the group said the RM9.5 million contract was awarded to its subsidiary TAFI Home & Office Sdn Bhd by Alpha Asset Sdn Bhd.

Noteworthy:

• Freehold

• Built-up: 3,954 sq ft

• Land size: 2,600 sq ft

• Five bedrooms, four bathrooms

• Semi-furnished

• Amenities: Shopping malls such as Main Place Mall USJ and One City, convenience of nearby shoplots with varieties of daily necessities,F&B offerings and public schools

When: January 2022

The contract was awarded by Eastern & Oriental Bhd's indirect subsidiary Persada Mentari Sdn Bhd to Kerjaya Prospek's wholly-owned unit Kerjaya Prospek (M) Sdn Bhd.

Noteworthy:

• Leasehold

• Built-up: 4,000 sq ft

• Land size: 1,760 sq ft

• Four bedrooms, five bathrooms

• Semi-furnished

• Accessibility via Middle Ring Road 2 (MRR2), New Klang Valley Expressway (NKVE), SPRINT Highway, Jalan Kuching and Jalan Ipoh.  

When: February 2022