MRCB said the lower earnings were due to much lower revenue contribution from its engineering, construction and environment division due to the completion of three major infrastructure construction projects last year, and the completion of two major property development projects from its property development and investment division in the first half of 2023.
The group, via its wholly-owned unit Kerjaya Prospek (M) Sdn Bhd, had received a letter of award on Wednesday from UEM Sunrise’s wholly-owned Sunrise Alliance Sdn Bhd.
Moving forward, YNH expects its Solasta Dutamas residential development project in Mont’Kiara, which has a gross development value of RM750 million, to contribute positively to the group in the next three financial years.
Revenue from the property development division saw a more than three-fold increase to RM39.
The apartment units have built-ups ranging from 926 to 1,087 square feet (sq ft), with prices ranging from RM429,800 to RM566,800.
DONE DEAL: Bungalow, Damansara Heights, Kuala Lumpur DONE DEAL: Bungalow, Country Heights, Kajang, Selangor The property is situated in Negeri Sembilan, recognised as the key destination for upcoming industrial and commercial hubs in the area.
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This will provide “a more efficient route to the main traffic artery” and “a faster connection to Solaris Mont Kiara (via Jalan Duta Kiara) and the Mont’Kiara commercial hub (via Jalan Kiara)”.
Under this campaign, the property developer is offering low financing rates starting from 3.
As of Aug 21, Ekovest’s issued share capital stood at RM1.
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