NEGRI SEMBILAN ON TRACK TO BECOMING DEVELOPED STATE
Negri Sembilan is on track to becoming a developed State as it is supported by various factors, including investments that are increasing every year. Other factors include its strategic position close to the Klang Valley as well as being the gateway from the south, and its efficient infrastructure. Negri Sembilan is now one of the destinations of choice for domestic and international investors. The State’s leadership is taking steps to bring rapid progress through careful, strategic and energetic planning. Projects such as Malaysia Vision Valley 2.0 (MVV2.0) were among the economic drivers that were significant to the State’s growth. The investment value achieved by the State in the last three years had been very encouraging despite the subdued growth of the national economy. Although 2020 was a politically and economically challenging year, the State recorded total investment of RM7.93 billion with RM3.83 billion being foreign investment.
SELANGOR RECORDS RM22.45 BILLION INVESTMENTS FROM JANUARY 2020 TO NOW
Selangor recorded a total investment of more than RM22.45 billion with 411 manufacturing projects approved from January 2020 until now. Of the amount, RM10.43 billion were from domestic investments and RM12.02 billion from foreign investments. A total of 27,491 potential job opportunities have been created based on investments during the period. Among the efforts carried out to ensure that the investment sector continues to grow in Selangor include strategic planning with the implementation of action plans such as the Selangor Aerospace Action Plan and the preparation of the Selangor Biotechnology Action Plan.
(The Edge, 30/08/2021)
MAHB TENDER TO REPLACE AEROTRAINS AT KLIA: SHORTLISTED BIDDERS IDENTIFIED, EVALUATION NOW AT FINAL STAGE
Malaysia Airports Holdings Bhd (MAHB) denoted that the KL International Airport’s (KLIA) Automated People Mover (APM) tender to replace its ageing Aerotrains is now at the final stage of the evaluation process. In a statement, the airport operator had identified a final shortlist of bidders after completing the technical evaluation stage, with those shortlisted now being evaluated on the commercial terms of their offers. The tender is expected to be concluded over the next couple of months and the group denoted that it will make the appropriate announcement once a formal award is approved by its board of directors. All three Aerotrains currently in operation in KLIA are due for replacement as the assets are approaching their end-of-life stage. Two of the Aerotrains have been in service since the airport first opened in 1998 with a third train added in 2010.
(The Edge & The Star, 28/08/2021)
KERJAYA PROSPEK PROPERTY BUYS LAND FROM ASIA PAC HOLDINGS FOR RM42 MILLION
Kerjaya Prospek Property Bhd is buying a parcel of leasehold land in Sungai Buloh, Selangor for RM42 million cash, to expand its landbank size. The group‘s wholly owned subsidiary Greencove Sdn Bhd, has entered into a sale and purchase agreement with Prousaha (M) Sdn Bhd, a wholly owned unit of Asia Pac Holdings Bhd, to acquire the land with a temporary building erected thereon. The land will serve as a landbank for Greencove’s property development activities, but the exact use of the land has not been determined at this juncture.
(The Edge & The Sun, 28/08/2021)
SIME DARBY PROPERTY’S SPOTLIGHT 8 RETURNS
Sime Darby Property Bhd is bringing back its Spotlight 8 Campaign, which offers special Weekend Spotlight deals on top of existing sales packages for the purchase of properties from now until 31st December 2021. This time, the spotlight is on several townships including City of Elmina, Bandar Bukit Raja, Serenia City and Subang Jaya City Centre (SJCC) in Selangor; Nilai Impian, Planters’ Haven, and Bandar Ainsdale in Negri Sembilan and Bandar Universiti Pagoh in Johor. A range of units will also be available for products in KLGCC Resort, KL East, and Melawati in Kuala Lumpur.
(The Sun & NST, 03/09/2021)
ONLY 14,000 AFFORDABLE HOMES BUILT IN PERAK
Only 14,000 units of affordable homes have been built in Perak to date, lagging behind the State’s five-year target of constructing 50,000 units between 2018 and 2023. The State Housing, Local Government and Tourism committee chairman denoted that the Covid-19 pandemic had caused unexpected problems and badly impacted housing development in the State. However, the State Government is committed to ensuring that all housing development projects will be implemented as planned. Approximately 15,089 units were still under construction, while 22,085 units were still in the planning stage. As of July 2021, housing projects that were built by private developers include a total of 1,663 units of Rumah Perakku I (low-cost), 412 units of Rumah Perakku II (medium-cost), 1,032 units of Rumah Perakku III (affordable) and 1,476 units under the open category.
(The Star, 01/09/2021)
KLANG HAS HIGHEST NUMBER OF ABANDONED HOUSING PROJECTS
According to the State Housing, Urban Well-Being and Entrepreneur committee chairman, Klang has the highest number of abandoned housing projects. In Selangor, the total number of abandoned housing projects stood at 111 and it involves 15,010 units which do not have “rescue developers”. Klang tops the list with 39 projects, Kuala Langat is second with 20 and Hulu Langat is third with 13. The number of affected units for Klang is 4,392.
(The Star, 29/08/2021)
PARAMOUNT BUYS CYBERJAYA LAND FOR RM102.7 MILLION
Paramount Corp Bhd (Paramount) is acquiring 32.7 acres of freehold land with a lake view in Cyberjaya for a cash consideration of RM102.7 million. Paramount’s wholly owned subsidiary Utropolis Sdn Bhd has entered into a sale and purchase agreement with Makmur Asiamaju Sdn Bhd to acquire a piece of freehold residential land. The new land is within a kilometre radius of Paramount’s Sejati Residences and Sejati Lakeside.
(NST, The Sun & The Edge, 02/09/2021)
SCIENTEX TO ACQUIRE 250-ACRE AGRICULTURE PLOT IN JENJAROM
Scientex Bhd (SB) is expanding its Klang Valley footprint via the proposed acquisition of over 250 acres of agriculture land in Banting for RM207.56 million. SB denoted that it is buying the freehold land in Jenjarom from Seriemas Development Sdn Bhd a wholly owned subsidiary of Permodalan Nasional Bhd. The group plans to launch a mixed development project on the Jenjarom land, whereby the Gross Development Value has yet to be determined.
(The Edge & NST, 31/08/2021)
GLOBAL ORIENTAL, SSI TO JOINTLY DEVELOP RM170 MILLION GDV PROJECT IN IPOH
Global Oriental Bhd, formerly known as Equine Capital Bhd, has teamed up with Perak State Secretary Inc (SSI) to jointly develop a 15.28-acre parcel of land in Ipoh, Perak into a residential development with an estimated Gross Development Value of RM170 million. SSI and its wholly owned subsidiary Macorp Holdings Sdn Bhd have entered into a Joint Venture (JV) agreement for the proposed project, in which SSI owns the land. The land has development potential due to its location and the JV is expected to positively contribute to the group’s earnings in the future.
(The Edge, 31/08/2021)
1,326 ACRE LAND IN KUALA LANGAT NORTH FOREST RESERVE APPROVED BY SELANGOR GOVT FOR DEVELOPMENT
As much as 1,326 acres of the Kuala Langat North Forest Reserve (KLNFR) will be developed after the Selangor Government approved to degazette the land. The decision was made under Section 12 of the National Forestry Act 1984, during the State executive council meeting. The land will be given to a private company, Gabungan Indah Sdn Bhd, for a mixed-commercial development.
(The Edge, 30/08/2021)
HOME MINISTRY TO REVIEW MM2H PARTICIPANTS
The Home Ministry will review foreigners participating in the Malaysia My Second Home (MM2H) programme, so that those who wish to reside in the country are of quality and can contribute to the economy. The Home Ministry would consider the applications of MM2H registered participants who were already in the country. Those registered as (MM2H) participants in our country are only 28,249 people (in principal) and 28,229 dependants, making it a total of 57,478 people. Of those who are registered, (28,249 people in principal), and based on observations, 8,000 people have never resided in Malaysia and only about 10,000 have purchased assets in our country.
(The Edge, 03/09/2021)
TRADEWINDS LAUNCHES GLENMARIE HOTEL & GOLF RESORT IN SELANGOR’S CAPITAL CITY
Tradewinds Corp Bhd, one of the largest hotel management companies in Malaysia, has launched Glenmarie Hotel & Golf Resort, a resort-styled sanctuary in Shah Alam, Selangor. The 260-room resort is Tradewinds’ latest hotel brand and it overlooks the prestigious golf course of Glenmarie Golf & Country Club. Tradewinds aims to better position their new hotel on the market, emphasising on quality, professionalism and excellent customer services, while remaining dedicated to delivering competitive and affordable prices for business and leisure travellers alike.
MOTAC FOCUSING ON ASSISTING BUSINESSES, REGAINING TOURISTS’ CONFIDENCE
The Ministry of Tourism, Arts and Culture (MOTAC) will focus on supporting the business sector, regaining the confidence of foreign and domestic tourists, and enhancing communication and coordination towards achieving the 100-day performance target of the new Cabinet. MOTAC denoted the fact that businesses in the tourism, arts and culture sector needed to be revived with new approaches after the adverse impact of the Covid-19 pandemic on the country and its economy.
(The Edge, 03/09/2021)
TOURISM PILOT PROJECT TO TAKE OFF
Local tourists will get to visit Pulau Langkawi starting 16th September 2021 under the much- anticipated pilot project of a tourism bubble as the nation eases back into recreational activity. The commencement of the pilot project, subject to conditions, came as two more States made progress in managing the Covid-19 pandemic, in order to advance under the National Recovery Plan (NRP).
(The Star, 03/09/2021)
VIZIONE UNIT SECURES RM116 MILLION HOTEL CONSTRUCTION JOB IN LANGKAWI
Vizione Holdings Bhd’s wholly owned unit of Vizione Builder Sdn Bhd (VBSB) has secured a RM116.05 million contract from Inspirasi Langkawi Sdn Bhd (ILSB) for main building works of a four-star hotel in Langkawi. VBSB had accepted a letter of award from ILSB to undertake the proposed construction of a 14-level hotel building comprising 238 units of hotel rooms, 6 serviced apartments, 5 office units, and 3 shop units. The completion period shall span 24 months, inclusive of all necessary testing and commissioning of Mechanical and Engineering (M&E) services.
(The Edge, 30/08/2021)
PENANG URGES NEW GOVT TO FOCUS ON AFFORDABLE HOUSING SUPPLY IN STATE
The Penang State Government has urged the Housing and Local Government Ministry (KPKT) to focus on the supply of affordable housing in the State. The State Government was in the process of providing 220,000 units of affordable housing to the people of Penang by 2030 and currently, approximately 119,000 units have been occupied or were in various development phases.
(The Sun, 28/08/2021)
PENANG HOTELS SET TO RE-OPEN THEIR DOORS
Most hotels here are waiting till the middle of September 2021 to re-open as Penang is expected to have 100% of its population getting at least one Covid-19 vaccine dose by that point in time. Malaysian Association of Hotels (Penang Chapter) mentioned that despite the reopening of hotels, not many were taking in guests yet. The Government had announced that tourism activities involving homestays and hotels within the same State for those fully vaccinated are allowed for States under Phase Two and beyond of the National Recovery Plan.
(The Star, 30/08/2021)
PARAGON GLOBE INKS MOU WITH SELGATE TO DEVELOP PRIVATE SPECIALIST HOSPITALS
Paragon Globe Bhd is exploring a potential collaboration with Selangor Government-owned Selgate Corporation Sdn Bhd to develop private specialist hospitals. The group had signed a Memorandum of Understanding today with Selgate’s property arm, Selgate Properties Sdn Bhd. The aim is to develop several private specialist hospitals in the country and to make healthcare services readily available.
(The Edge, 03/09/2021)
JOHOR BAHRU POISED TO BECOME MAJOR INTERNATIONAL LAND GATEWAY
Johor Bahru City Council (MBJB) is expected to strengthen its role and position as Johor Bahru becomes a major international land gateway when the Malaysia-Singapore Rapid Transit System Link (RTS Link) and the Gemas-Johor Bahru Electrified Double-Tracking Project (EDTP) are completed soon. The two mega projects are set to be the main contributors to economic recovery efforts in the State, thus benefiting the people and further developing Johor Bahru. The completion of the two projects will also directly support the Ibrahim International Business District (IIBD) in the city. The IIBD project, which covers 247 acres in the middle of the Johor Bahru Sentral district, will become the Southern Gateway of Malaysia and the next best option to live, work and play in Southeast Asia after Singapore. The aim is in line with the strategic location of Johor Bahru City which is next to Singapore, thereby making it the main land gateway to the republic from Malaysia.
(The Sun, The Star, The Edge & NST, 30/08/2021)
SCIB SECURES RM80 MILLION CONTRACT TO BUILD SPECIALIST HOSPITAL IN JOHOR
Sarawak Consolidated Industries Bhd (SCIB) has secured an RM80 million contract from Kencana Healthcare Sdn Bhd to supply medical equipment for a specialist hospital in Johor. SCIB has accepted a letter of award for procurement, supply, installation, testing and commissioning of medical equipment for the proposed development of the specialist hospital. The primary scope of works under the contract include sourcing and negotiation of all medical equipment, ensuring compliance with the specifications provided and certification by the Medical Device Authority, and providing test certifications and test results (if required by operator), among others.
(NST, The Sun & The Edge, 02/09/2021)