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Wings Air, a subsidiary of Indonesia’s largest private airline, “Lion Air Group”, has a new flight connection between Pontianak (West Kalimantan) and Kuching (Sarawak). Introduction of the new flight would assist in meeting Sarawak’s expectations of increasing tourist arrivals in 2018. The Pontianak-Kuching flight will encourage tourism and economic opportunities between Sarawak and West Kalimantan as…

In five years, Punggol North could potentially claim a “Mini Silicon Valley” status in Singapore upon completion of its initial few buildings. The master plan for the 123.55 acre Punggol Digital District was launched on January 21, 2018 and is expected to generate up to 28,000 digital economy jobs. The district will also serve as…

The 245 acre Aspen Vision City (AVC) in Penang has a gross development value of RM10 billion, and is Aspen (Group) Holdings’ flagship project. Located within close proximity to Penang’s second bridge at Bandar Cassia, Batu Kawan, AVC is an 80:20 joint venture between Aspen and IKEA Southeast Asia. Approximately 170 acres of AVC will…

The Penang state government took media members on a site visit along the Gurney Drive foreshore to inspect two plots totalling 50 acres, which were earmarked for reclamation. This was in response to parties questioning the integrity of the reclamation. The reclaimed land has been locked in as a mode of future payment via land…

In 2H17, several property developers postponed new launches while attempting to clear existing stock in certain projects. They offered attractive discounts and incentives, including the absorption of legal fees and stamp duty and also providing fixtures and furnishing. In 3Q17, Johor Bahru (JB) led with 3,118 transacted units (50.9%) of the Johor state’s total volume…

In January 2018, S P Setia launched two projects (“Bellina” and “Pelangi Boulevard”) in Johor, covering 30 acres. With a gross development value of RM72.29 million, “Bellina” in Bukit Indah offers 20 ft. by 70 ft. double storey terraced houses. These freehold houses have built-up areas beginning at 1,939 sq. ft., and prices starting from…

LBS Bina Group Bhd supports the government’s proposal to lower the housing loan interest rate for the benefit of home buyers, particularly first time buyers. On January 25, 2018, BNM raised the key overnight policy rate (OPR) by 25 basis points to 3.25%, which denotes the first interest rate hike in three and half years….

Klang Municipal Council (MPK) is in discussions with the Malaysian Maritime Enforcement Agency (MMEA) to construct a maritime museum. MPK’s preliminary plan was to refurbish the life-sized replica of the Malay Archipelago ship at the Tanjung Harapan Esplanade. It will then be handed over to the MMEA for the creation of a museum within the…

The federal government’s decision to implement the Sungai Kelantan Integrated River Basin Development Project (PLSB), received a favourable response from villagers living along the Kelantan state’s major river. Costing approximately RM9.6 billion, PLSB will be implemented in three phases with scheduled completion in May 2021. (NST, 31/1/2018)

Cove Suria Sdn Bhd has awarded a RM261 million turnkey contract to Cypark Resources Bhd to build a large scale 30MW solar plant at Empangan Kelinchi, Negeri Sembilan. Cypark is an environmental technology and engineering specialist focusing on the area of integrated renewable energy, waste management solutions, and environmental remediation. The contract entails Engineering, Procurement,…

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Jones Lang Wootton