A new Act will surely come with its own set of challenges, but is KPKT capable of monitoring it when it has not been able to resolve the current spate of problematic projects? The Ministry of Local Government Development (KPKT) has recently announced that the Urban Renewal Act will be tabled next year.
The group is now strategising on the use of its existing land bank with two new upcoming developments — one in Sentul, Kuala Lumpur and another in Shah Alam, Selangor — which will have an estimated gross development value (GDV) of about RM395 million.
The group’s revenue grew at a faster pace in 2QFY2024, to RM359.
Hektar Asset Management executive director and chief executive officer (CEO) Johari Shukri Jamil said: Hektar REIT’s malls, strategically positioned as neighbourhood and community hubs, have been the focal point of our success.
The five-km underground vehicular tunnel will seamlessly link TRX to a network of 12 major roads and highways including Jalan Tun Razak, Jalan Sultan Ismail, Maju Expressway (MEX), SMART Tunnel and the Setiawangsa-Pantai Expressway (SPE), said TRX City Sdn Bhd, the master developer of the 70-acre TRX development.
The contract period spans 156 weeks starting from Dec 4, according to the construction group’s stock exchange filing on Wednesday.
Quarterly revenue, however, increased 20.
The property developer said it had appointed Faezali Mustafa R Jumabhoy as an independent non-executive director from Tuesday (Nov 21).
Aside from SkySierra Residences, other projects recognised in the period include SkyAwani IV Residences, SkyAwani V Residences, EdgeWood Residences, SkyVogue Residences, Curvo Residences, as well as from the sales of completed inventories, mainly from SkyMeridien Residences and Bennington Residences.
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