WORK on Klang’s third bridge is 75% complete and motorists can look forward to smoother traffic flow by the end of the year. The new bridge, the construction of which started two years ago, will complement the two existing bridges – Jambatan Kota and Jambatan Musaeddin. It will connect Jalan Goh Hock Huat from north … Read more
GEORGE TOWN: The proposed cable car system for Penang, which is part of the ambitious RM27bil Penang Transport Master Plan (PTMP), has been rejected by the Federal Government. The cable car aims to link Gat Lebuh Nordin on the island to public transport hub Penang Sentral in Butterworth on the mainland. Both areas are close … Read more
UEM Sunrise, the master developer of Gerbang Nusajaya, a 4,551-acre commercial and business precinct in Iskandar Puteri in Johor, has reported strong sales at Melia Residences, its newest strata landed housing development. Within two days of its launch in April, buyers snapped up all 206 units in the project’s first and second phases, the majority … Read more
The latest announcement from Dewan Rakyat that the government has rebounded a total of 182 private housing development projects which have been abandoned since 2009. “The complete projects involved 32,641 home-buyers”, said by Datuk Halimah Mohamed Sadique, Deputy Minister of Housing and Local Government. “There are 226 abandoned housing projects which affect a sum of 40,866 house-buyers” she … Read more
Malaysia Airports Holdings Bhd (MAHB) has mapped out a big plans to transform 1,000 acres of empty land near Kuala Lumpur International Airport (KLIA) in Sepang with the potential of generating RM7bil in investments over five years. Managing director Datuk Badlisham Ghazali said the KL International Airport (KLIA) Aeropolis would be developed through three key clusters namely, Air Cargo, Logistics, … Read more
Ideal Property Development plans to unveil RM2.72 billion worth of condominium developments in Penang Island this year. These include the RM378 million Summerskye Residences in Bayan Lepas that was launched January, said Datuk Alex Ooi, Executive Chairman of Ideal Property. For the upcoming projects, they consist 3,648 units that will be released from May to … Read more
According to the State Public Works and Utilities Executive Councillor Lim Hock Seng, Penang’s upcoming undersea tunnel and three paired roads are expected to cost a total of RM6.3 billion only. He was refuting the allegation made by Urban Wellbeing, Housing and Local Government Minister Datuk Abdul Rahman Dahlan that the overall cost of the … Read more
Iskandar is expected to become the newest investment haven in Malaysia, especially its real estate sector, according to many experts interviewed by the New Straits Times. It is forecasted to emerge as one of the world’s most prosperous regions in the next 10 years after it was left behind by property booms in Penang, Kuala Lumpur … Read more
KUCHING: Bintulu Port Holdings Bhd (BPHB) has re-scheduled several of its major development projects for Bintulu Port as the economic slowdown has affected its total cargo throughput. Chief executive officer Datuk Mior Ahmad Baiti Mior Lub Ahmad said as there was no urgency to implement the proposed projects mooted two years ago, these have been … Read more
According to the Deputy Minister of Federal Territories Datuk Dr. Loga Bala Mohan, the long abandoned Plaza Rakyat will be refurbished and work is expected to start in June 2017, reported Bernama. “Before we start work on this building, we have to first settle the claims of the depositors of the project. Hence, we have … Read more
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