PAC flags dubious property deals by HRD Corp
The PAC report also revealed that HRD Corp had paid a 50% deposit, or RM120 million, for the purchase of Menara Ikhlas in Putrajaya, worth RM202.
Analysts keep 'neutral' call on WCT, cite REIT plan to unlock asset value
Notably, WCT recently secured an external job consisting of a RM249.
River of Life fails to meet objectives after 13 years and nearly RM4 bil spent
Auditor General’s Report on Federal Agencies' Activities 2024 also stated that none of the programme’s objectives have been fully achieved, particularly improving river water quality to Class IIB to be suitable for recreational purposes.
Feasibility study for Trans Borneo Railway project to begin next month
In April, Brunergy Utama Sdn Bhd, a company based in Brunei, claimed that it would implement the US$70 billion (RM330 billion) project in two phases, involving a route spanning over 1,600 kilometres with trains capable of reaching speeds up to 350 km per hour.
Archidex grows with a bigger number of participants this year
Happening concurrently with Archidex is the Asean-China Ministerial Roundtable on Construction and Housing (ACMROCH) 2024 hosted by KPKT, and the DATUM Conferences.
Siab Holdings bags RM176m construction job in Penang
The 30-month projects entails the addition of seven units to the existing four of a two-storey heritage building, and the conversion of two units from residential to commercial, as well as the construction of a 29-storey serviced apartment building in George Town, Penang.
Naim Holdings’ unit to dispose of Samarahan land for RM223.38m
Naim Holdings said the disposal is part of its commitment to ensure long-term sustainability in its business operations in a tight property market dominated by substantial unsold properties.
WCT to establish REIT comprising retail properties, list it on Main Market
This will allow the group to unlock the value of its investments in the properties, the construction and property group said in a bourse filing.
CCCC to share ECRL's operational risks with MRL
They are going to form a joint venture company to operate the RM50 billion rail that connects Kota Bharu in Kelantan to Port Klang in Selangor, based on a renegotiated contract aimed at sharing the risks of the project to reduce the financial exposure of the Malaysian government, according to Transport Minister Anthony Loke.
DONE DEAL: Condo, Verticas Residensi, Bukit Bintang, Kuala Lumpur
DONE DEAL: Bungalow, Damansara Endah, Kuala Lumpur DONE DEAL: Link bungalow, Taman OUG, Kuala Lumpur Average transacted prices for Bukit Bintang and Bukit Ceylon have decreased from RM1,400,000 in 2022 to RM1,300,000 in 2023.
