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Hock Seng Lee Bhd (HSL) is planning to launch over 90 luxurious homes at its flagship mixed development La Promenade on the Kuching Samarahan Expressway, in 1H18. The project comprising over 90 units of bungalows and semi-detached houses with prices anticipated to be over RM2.32 million for the bungalows and RM1.42 million for the semi-detached…

Penang has 999 People’s Housing Project (PPR) units, the lowest number of PPR units in the country even though land, in areas including Jelutong, has been identified for the purpose of building 5,000 PPR units by the Federal government. The state government is concerned about the housing needs of Penangites, especially the lower income group…

Prasarana Malaysia Bhd plans to officially unveil its Penang ferry service in November 2017 following negotiations for the transfer of operations from Penang Port Sdn Bhd (PPSB). The takeover is currently going through an ownership transfer process from two parties. The ferry service is currently being run by PPSB which privatised it to Seaport Terminal…

The “Rent To Own” scheme will be launched on October 14, 2017. Under the scheme, those eligible will be able to rent a house priced between RM35,000 and RM150,000. The monthly rent is will be between RM260 and RM600 and tenants will lease the property for five years before buying them from the state. The…

The newly-launched Bus Rapid Transit (BRT) system will serve as the backbone of the public transportation infrastructure in Iskandar Malaysia over the next 20 years. BRT is a high quality bus-based transit system which “will provide reliable, comfortable and cost-effective services”. The BRT system will be developed at a cost of RM2.56 billion with the…

The Iskandar Regional Development Authority (IRDA) signed two Memorandums of Understanding for initiatives in “smart technology and urban observatory” which sets the momentum for Iskandar Malaysia to be a Smart City. The MoUs represent collaborations towards implementing a few components under the Comprehensive Development Plan ii 2014-2025 (CDPii) and are between: IRDA an MIMOS Sdn…

Protasco Bhd will open a three-star hotel in De Centrum City, Kajang, in 2020 to cater to the growing “business travellers” segment in the area and families visiting students at nearby universities. The first Park Inn by Radisson in Malaysia will be undertaken by Protasco Development Sdn Bhd and its wholly owned subsidiary De Centrum…

Mah Sing Group Bhd has chosen Cheras for its new mixed development project called M Vertica. With an estimated gross development value of RM2.2 billion, M Vertica will be constructed on an 11.25 acre leasehold site, which is currently occupied by Stadium Badminton Kuala Lumpur, beginning in 1Q18. The project comprises 3,681 units of serviced…

Sunway Construction Group Bhd’s subsidiary, Sunway Geotechnics (M) Sdn Bhd, has secured a substructure, earthworks and pilling job worth RM74.77 million from Ahmad Zaki Sdn Bhd. The 10 month contract is for the proposed mixed development at Jalan Hang Tuah / Jalan Pudu, Kuala Lumpur developed by BBCC Development Sdn Bhd. (The Sun, 13/10/2017)

Econpile Holdings Bhd has secured a RM48 million contract from Malaysian Resources Corporation Bhd (MRCB) to undertake piling and basement works for Parcel B of its 9 Seputeh mixed development at Old Klang Road. The contract entails piling and basement works for three residential blocks, a commercial area, and a two-storey basement car park. This…

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Jones Lang Wootton