INVEST SELANGOR SEEKING 1,000 ACRES FOR AIRCRAFT TEARDOWN FACILITY

The investment arm of the Selangor Government, Invest Selangor Bhd, is eyeing 1,000 acres of land in the State to host aircraft manufacturer Airbus’ investment for the first aircraft teardown facility in Southeast Asia. The aerospace investor is seeking suitable land measuring a total of 1,000 acres, whereby at least 500 acres must be within Selangor.

(The Edge, 04/09/2021)


FAST AND CONVENIENT ONLINE LAND SEARCH WITH PAHANG GO APP

Carrying out land searches in Pahang just became a simpler process due to the latest feature in the State Government’s Pahang Go application. The newly introduced land title ownership search with cooperation from the State Land and Mines Office (PTG) will ease the process as individuals are merely required to key in details on the chosen district and lot number. Currently, the service is only limited to official and private land with PTG titles. It will be expanded to include titles under the district land administration system before the end of 2021.

(NST & The Star, 07/09/2021)


ONLY 104 ACRES OF HSKLU AREA REMAIN DEGAZETTED

Only 104 acres out of the total 1,326 acres of the Kuala Langat North Forest Reserve (HSKLU) will remain degazetted according to the Chief Minister of Selangor. The move was to facilitate ownership to Kampung Orang Asli Busut Baru to resolve issues that had been pending since 2006, when they were relocated from their original settlements in 1994 to make way for the Kuala Lumpur International Airport (KLIA). The State government would also be taking into consideration a small portion of the areas in HSKLU which would remain degazetted for the purpose of accommodating the East Coast Rail Link (ECRL) Project.

(The Edge & The Star, 09/09/2021)


BANK NEGARA HOLDS BENCHMARK RATE AT 1.75%

Bank Negara Malaysia (BNM) has opted to hold the Overnight Policy Rate steady at 1.75%. Moving forward, the further easing of containment measures, rapid progress of the domestic vaccination programme and continued expansion in global demand will support the growth momentum going into 2022. However, BNM denoted the risk remains tilted to the downside, which stems from delays in easing, the re-imposition of containment measures from new Covid-19 variants and weaker-than-expected global growth recovery.

(The Sun, The Star & The Edge, 10/09/2021)


MALAYSIA’S JULY 2021 UNEMPLOYMENT RATE REMAINS AT 4.8%

Malaysia’s unemployment rate remained at 4.8% in July 2021 although the number of unemployed persons rose slightly to 778,200 persons, according to the Department of Statistics Malaysia.

(The Sun, The Star & The Edge, 10/09/2021)


SULTAN ISMAIL PETRA AIRPORT SET TO BECOME AN INTERNATIONAL AIRPORT

The Sultan Ismail Petra Airport (LTSIP) in Pengkalan Chepa, Kota Bahru will be poised to become an international airport after the current upgrading exercise is fully completed, depending on flight demand. The upgrading project costing more than RM440 million is expected to be completed by the middle of 2024 and would allow the airport to accommodate up to 4 Million Passengers Per Annum (MPPA). The main scope of the project includes the expansion and upgrading of the existing terminal building to increase its capacity from 1.5 MPPA to 4 MPPA, which is expected to be achieved by 2028.

(The Edge, 06/09/2021)


TELADAN GROUP BUYS 338 ACRE LANDS IN MELAKA FOR RM117.9 MILLION

Teladan Setia Group Bhd (TSGB) is buying five parcels of land in Jasin, Melaka, measuring a total of 338 acres for RM117.9 million. TSGB’s wholly owned subsidiary, Riverwell Resources Sdn Bhd (RRSB), signed a Sale and Purchase Agreement (SPA) with Bakat Muhibbah Sdn Bhd for the purchase. The five parcels of land are strategically located between Tiara Melaka Golf and Country Club and Orna Golf and Country Club, just after the northeast boundary of Central Melaka. The five parcels of land are expected to be used to develop gated and guarded townships.

(The Edge, NST & The Star, 07/09/2021)


MGB SECURES ANOTHER HOUSING CONTRACT IN DENGKIL FROM LBS BINA WORTH RM112.5 MILLION

MGB Bhd has received a contract for a housing development in Dengkil worth RM112.5 million from a unit of its major shareholder LBS Bina Group Bhd. The contract was secured by MGB’s wholly owned MGB Construction & Engineering Sdn Bhd from ZONE Designworks Sdn Bhd, who issued the letter of award for the project on behalf of LBS’ unit Seloka Sinaran Sdn Bhd (SSBB). The job entails the development of 605 units of single storey terraced strata homes, 41 units of double storey terraced strata homes and related structures.

(The Edge, 07/09/2021)


COMINTEL UNIT SECURES EARTHWORK AND ROCK HACKING WORKS IN DAMANSARA PERDANA WORTH RM7.2 MILLION

Comintel Corp Bhd’s unit has secured a sub-contract for earthwork and rock hacking works in Damansara Perdana, Sungai Buloh, worth RM7.2 million. Binastra Construction (M) Sdn Bhd gave the subcontract to Comintel’s wholly owned subsidiary Total Package Work Sdn Bhd for the development of a plot of land. Upon the plot, components that will be constructed include two 36- storey blocks comprising 1,066 units of serviced apartments (454 regular units and 612 affordable units) along with one facility floor and eight floors of podium-level parking, one floor of mezzanine level parking, one floor of lower ground floor parking and three storeys of sub-basement parking.

(The Edge & The Star, 07/09/2021)


SIME DARBY PROPERTY’S JENDELA RESIDENCES AT KLGCC RESORT SEES OVER 80% BOOKED

Jendela Residences at KLGCC Resort by Sime Darby Property Bhd had recorded a high booking rate of 80% (prior to its official launch in May 2021) despite the ongoing pandemic and is expected to be completed in 2026. Due to the overwhelming pre-launch interest, Jendela Residences Phase 1 was officially unveiled in May 2021, thereby highlighting the market’s desire for larger units. Subsequently, Phase 2 was previewed in August 2021 and is now open for booking. Jendela Residences has a gross development value of RM900 million and is sited on a 4.062-acre tract within the KLGCC Resort township. The luxury high-rise project comprises two 41-storey towers with 520 residential units whereby available layouts include 3-bedroom, 3+1, 3+2, 4+1 and 4+2 configurations, built-ups ranging from 1,324 sq. ft. to 2,260 sq. ft., and prices starting from RM1.25 million.

(The Edge, 06/09/2021)


SETIA AWAN LAUNCHING TRANSIT-ORIENTED PROJECT ‘ASTRUM AMPANG’

Setia Awan Holdings Sdn. Bhd. is launching its latest offering, Astrum Ampang, a mixed property project with a gross development value of RM1.68 billion which will serve as a transit-oriented development in the vicinity of Jalan Ampang and Jalan Jelatek. The 6.8-acre project was planned and designed to promote public transport ridership. Astrum Ampang’s Soho Transit and Soho Suite units have built-up areas of 280 sq. ft. and 450 sq. ft. respectively, whereas the Mampu Milik Serviced Apartments come in two sizes of 450 sq. ft. and 550 sq. ft. The group will launch the first phase of Astrum Ampang comprising Soho Transit (1,360 units) and Rumah Mampu Milik (712 units) for first-time home buyers with starting prices of RM230,000 to RM270,000. Astrum Ampang is expected to be completed in 2026.

(The Sun, 10/09/2021)


MEGAH RISE’S RESIDENTIAL TOWER TOPPING-UP BY END OF SEPTEMBER 2021

PPB Properties, the property division of PPB Group Bhd, has announced that Megah Rise’s residential tower located at Taman Megah, Petaling Jaya, is slated for topping-out by the end of September 2021. Megah Rise is a high-rise mixed development consisting of a premium, low- density residential tower and a four-storey block of retail space. Units in Megah Rise, the only freehold high-rise in the area, have built-up sizes ranging from 764 sq. ft. up to 1,747 sq. ft. Megah Rise’s retail space is projected to open in 2H22, while the residential tower is set to hand over its keys to residents in 2Q22.

(The Sun & The Edge, 10/09/2021)


GAMUDA LAND TO UNVEIL PHASE 1 OF GARDENS SQUARE IN OCTOBER 2021

Gamuda Land will be launching the first phase of Gardens Square, comprising 19 double-storey and three-storey shops and 19 office lots in Gamuda Gardens, Rawang in October 2021. Gamuda reveals that three anchor tenants are in the pipeline, which include an established grocer occupying more than 20,000 sq. ft. of space as well as a double-storey drive-through fast food franchise. Gardens Square covers 6.7 acres and once completed, will feature 133 double-storey and triple-storey shops and office lots.

(The Edge, 10/09/2021)


CEKD TO BUY KL FACTORY TO CONSOLIDATE OPERATIONS

CEKD Bhd intends to buy a factory in Kuala Lumpur for RM8.8 million in the next two years in order to streamline its operations. The factory is for CEKD’s wholly owned Hotstar (M) Sdn Bhd, which manufactures die-cutting moulds and tools. The group denoted that Hotstar had been operating from rented premises situated in three sites in Kepong, Selangor for years.

(NST, 06/09/2021)


HIAP TECK BUYS LAND FOR EXPANSION

Hiap Teck Venture Bhd has proposed to acquire a 21.26-acre parcel of land in Kuala Selangor for RM48.61 million for its future expansion. The freehold agriculture land has been converted into medium industry use to be known as Kapar 2 International Industrial Park. Currently, its subsidiary Hiap Teck Hardware Sdn Bhd (HTH) rents its warehouses for its operations. The acquisition will enable HTH to own its own warehouses for operations and future expansion without having to pay rental.

(The Star, 09/09/2021)


BUILDING MATERIAL COSTS HIGHER FOR MOST BUILDING CATEGORIES IN AUGUST 2021

The Building Material Cost Index (BCI) without steel bars for almost all regions in Peninsular Malaysia recorded an increase of between 0.1% and 1.5% for almost all building categories in August 2021 compared to July 2021. However, the BCI in Region C (Selangor, Kuala Lumpur, Melaka and Negeri Sembilan) registered a decline of between 0.1% for two to four-storey reinforced concrete (RC) buildings (flat roof). The BCI in Kota Kinabalu and Sandakan in Sabah increased between 0.1% and 2.0% for almost all categories of building. Meanwhile, the BCI in Tawau (Sabah) declined 0.1% for single-storey (RC) buildings, two to four-storey (RC) buildings (flat roof), two to four-storey (RC) buildings (pitched roof), five-storey and above (RC) buildings (for accommodation), and five-storey and above (RC) office buildings. The BCI in Kuching, Sarawak, recorded a positive growth between 0.1% and 0.2% for almost all building categories.

The BCI with steel bars in August 2021 increased by between 0.1% and 1.8% compared to the preceding month for almost all regions in Peninsular Malaysia in almost all building categories. The index for all categories of building in Region B registered an increase between 0.2% and 1.8% in August 2021. The BCI in Kota Kinabalu, Sandakan and Tawau rose between 0.1% and 2.6% for almost all categories of building except for timber piling which recorded no change in all regions. The BCI in Kuching increased 0.1% for almost all categories of building except for timber building and timber piling which recorded no changes.

(The Edge, 10/09/2021)


TRANSIT HOME COMING UP

The RM4.4 million transit centre for the homeless in Jalan C.Y. Choy, George Town, is expected to be operational in January 2022. The project is currently 66% completed and would potentially have the capacity to house 88 occupants upon full completion. The project was 25% behind schedule due to the delay in construction works as a result of Phase One of the National Recovery Plan imposed in June 2021. Construction work at the development site has since resumed after securing approval from the International Trade and Industry Ministry.

(The Star, 04/09/2021)


WATERFRONT PROJECT SET TO TAKE SHAPE

The massive RM176 million recreational waterfront Gurney Wharf project is expected to begin in 4Q21 and would take approximately three years to complete. The entire project will be fully funded by the State Government and it is expected to cost about RM200 million. The project is divided into two phases, whereby Phase One will feature a children’s play area, skate park, viewing deck, public toilets, promenade for pedestrians, hawker kiosks, retail areas, surau, landscaping area, recreation park and multi-storey car park. Phase One is expected to be completed in 4Q22, whereas Phase Two comprising landscaping area and recreation park, additional hawker stalls, toilets, parking area and drainage system, is expected to be completed in 4Q23.

(The Star, 06/09/2021)


JOHOR EXPECTS TO DRAW RM5.52 BILLION INVESTMENTS IN 2021

Johor is expected to attract total investments worth RM5.52 billion in 2021 based on an Invest Johor report up to 1st September 2021. The State Government is in the process of finalising the documents of the agreements involved. Up to March 2021, Johor had received RM1.7 billion in investments. Of this amount, Foreign Direct Investment (FDI) made up RM369.77 million, while the remaining RM1.34  billion  comprised  of  domestic  investments.  In  2020,  Johor  brought in RM6.78 billion of investments, whereby RM4.21 billion were from foreign investors and the remaining RM2.57 billion from domestic sources.

(The Edge, 07/09/2021)


ISKANDAR MALAYSIA BRT TO START OPERATION BY END-2023

The RM2.56 billion Iskandar Malaysia Bus Rapid Transit (BRT) system in Johor is slated to begin operations by the end of 2023. The multi-billion-ringgit infrastructure development is now close to 22% completion. The BRT project had previously started its pilot test programme on 8th April 2021. The BRT system covers a total of 2,043km with three main lines which include Iskandar Puteri, Skudai and Tebrau, with 44 direct routes and 55 feeder routes.

(The Edge & The Star, 07/09/2021)


JOHOR HOMELESS CENTRE TO BE READY BY MIDDLE OF 2022

The Johor transit centre for the homeless, which is being set up in Taman Larkin Perdana, Johor Bahru, is expected to be completed by the middle of 2022. The Johor Homeless Transit Centre is being set up by the Johor Bahru City Council with an estimated cost of RM7.64 million.

(The Sun, 08/09/2021)


JOHOR GOVERNMENT IN BID TO REOPEN MUAR, DESARU COAST, MERSING ISLANDS UNDER TOURISM BUBBLE

The Johor Government is hoping to turn three focus areas in the State, which have achieved the Covid-19 vaccination rate of more than 80%, into destinations under the tourism bubble programme. The State Tourism, Youth and Sports Committee chairman denoted that the relevant discussions had been held with Tourism Johor for the Federal Government, through the Tourism, Arts and Culture Ministry, in order to consider the matter. The three focus areas involve the Muar district, Mersing islands and Desaru Coast in Kota Tinggi.

(The Edge & The Star, 07/09/2021)


MOH TO ASSESS DELAY OF PAPAR HOSPITAL PHASE 2 PROJECT

The Health Ministry (MOH) will soon make an assessment on the delay of Papar Hospital’s phase two project, which was scheduled for completion in 2020, before deciding further action on the project. Only 22% of construction of the hospital building, estimated at RM86 million, has been completed as scheduled.

(The Edge, 07/09/2021)


SARAWAK CONFIDENT OF ACHIEVING DEVELOPED STATUS BY 2030

Sarawak is confident of achieving developed status by 2030, underpinned by the solid foundation plan unveiled by the State Government recently via the Sarawak Post Covid-19 Development Strategy 2030 (PCDS 2030). Sarawak, which is expected to record a gross domestic product growth of 3%-4% in 2021, needs to grow by 8% annually to double the size of the State’s economy to RM282 billion in 2030. In July 2021, the Sarawak Chief Minister unveiled the PCDS 2030, which highlighted the State’s strategy on six economic sectors as the main engines of growth, which include manufacturing, commercial agriculture, tourism, forestry, mining and social services.

(The Edge, 07/09/2021)


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