MGB Bhd (KL:MGB) said it clinched an RM185.99 million contract on Tuesday to develop serviced apartments in Iskandar Puteri, Johor.

Noteworthy:

• Leasehold
• Built-up size: 7,500 sq ft
• Land size: 9,800 sq ft
• 9 bedrooms, 6 bathrooms 
• Semi-furnished
• Nearby amenities: Plaza Alam Sentral, SACC Mall, Poliklinik Komuniti Shah Alam, KPJ Healthcare Selangor, Darul Ehsan Medical Centre, Salam Medical Centre
• Accessibility: Federal Highway, Kesas (Shah Alam Expressway), NKVE, GCE, ELITE, Shah Alam KTM Komuter Station, Raja Muda LRT Station 

When: June 2025

The RM69.04 million project, known as Kampung Tersusun Generasi Kedua Felcra Seberang Perak, was awarded to Caely-M in 2013 and completed on Oct 3, 2022.

Net profit after excluding one-off items at the construction services firm will jump to RM86.9 million in 2025. 

WISE is meant to reduce traffic at Menora Tunnel on the North-South Expressway.

The property developer said it had entered into agreements to acquire 95.02 acres in Sepang for RM206 million and 367 acres in Ujong Permatang, Kuala Selangor, for RM189 million.

Lanai Lakeside, also known as Phase R8, represents the final development stage of semi-detached homes in the prestigious Bandar Bukit Raja 2 township.

Avillion, which has been loss-making for the past decade, said it has already begun implementing some of these initiatives and remains committed to navigating the challenging operating environment.

The 38-month contract will commence on Aug 18. 

The overdue Section 3, which stretches from Banting to Klang, is now directly impacting the mobility of 10,000 prime movers and trailers.