Week 47 - 2024
MATRIX CONCEPTS TEAMS UP WITH FIVE SENSES TO LAUNCH SMART LIVING SOLUTIONS AT LEVIA RESIDENCE
The Star, 19/11/2024
Matrix Concepts Holdings Bhd (Matrix Concepts) and WIT Ventures Sdn Bhd (Five Senses) announced their partnership to develop a Smart Concierge Services Kiosk integrated with the Horosys mobile app in a residential development for Levia Residence in Kuala Lumpur. Levia Residence first tower achieved a sales rate exceeding 85%, prompting the launch preview of the second tower to be moved to September 2024. Collectively, Levia Residence carries a Gross Development Value (GDV) of RM522mil. Tower B has already achieved a total booking rate of 55%.
MAH SING LAUNCHES ITS M ASPIRA SALES GALLERY IN TAMAN DESA
The Edge & Star, 21/11/2024
Mah Sing Group Berhad (Mah Sing) has officially launched its M Aspira Sales Gallery in Taman Desa, Kuala Lumpur. M Aspira is a residential project featuring two blocks of serviced residences with a gross development value (GDV) of RM850 million. The development offers units ranging from 706 sq. ft. to 1,006 sq. ft., with configurations of two, three, and four bedrooms. Prices start at RM452,000. To enhance accessibility to M Aspira, Mah Sing plans to propose new ingress and egress routes, including a connection from the Kuala Lumpur-Seremban Highway to Jalan Desa and an exit from Jalan Desa to the East-West Link towards Petaling Jaya. The company is also launching MSS Business Park in Sepang and a data center at Mah Sing DC Hub @ Southville City.
IOI PROPERTIES RELAUNCHED PUTRAJAYA MARRIOTT HOTEL AFTER RM100 MILLION RENOVATION
The Edge, 21/11/2024
IOI Properties Group Bhd has officially relaunched the Putrajaya Marriott Hotel in IOI Resort Cityafter completing a RM100 million renovation. Sitting on 6.5 acres of land, the five-star Putrajaya Marriott Hotel is managed by IOI Properties and comprises 487 guest rooms, including 35 exclusive suites. The renovations took place from February 2023 till November 2024 and were carried out in phases. The massive undertaking focused on the refitting and renewal of its guest rooms, lobby, restaurants and private villa. The fittings include new lighting installations, tropical landscaping and the addition of a family splash pool.
BINASTRA BAGS RM256.45 MILLION M&E JOB FOR EXSIM'S DATA CENTRE IN BUKIT JALIL
The Edge, 21/11/2024
Construction company Binastra Corp Bhd has secured a contract worth RM256.45 million for mechanical and electrical (M&E) fit-out works of a data centre in Bukit Jalil, Kuala Lumpur. The job involves the design, construction, completion, testing, and commissioning of the M&E fit-out works for the data centre that is located along Jalan Jalil Perkasa in Bukit Jalil. The project will be executed in two phases, with the first phase slated for completion within nine months, while the second phase is to be concluded in 24 months from the commencement date. The contract was secured through its wholly owned Binastra Builders Sdn Bhd which had accepted the letter of award from Exsim Jalil Link Sdn Bhd, a unit of Exsim Group. The new job comes after Exsim Jalil in early September awarded Phase 2 of the data centre development works in Bukit Jalil worth RM574.4 million to Binastra, to be completed within 16 months from 1 October 2024.
TIANMA PRECISION PARTNERS JCORP TO INVEST RM440 MILLION IN NEW MANUFACTURING FACILITY IN JOHOR
The Edge & The Star, 21/11/2024
Johor Corporation (JCorp) is investing in a bearing manufacturing facility together with Tianma Precision Sdn Bhd, a subsidiary of Zhejiang Tianma Bearing Group Co Ltd, in Tanjung Langsat Industrial Complex in Johor in a deal worth RM440 million. The deal will see the establishment of Tianma’s first-ever manufacturing facility outside of China. The agreement involves the acquisition of 31 acres of industrial land in Tanjung Langsat. This facility will primarily focus on meeting the growing demand for high-performance bearings used in wind turbines, a rapidly expanding sector with increasing demand in markets such as the US, Europe, and Latin America. The new facility is expected to contribute significantly to the local economy, generating high-skilled employment opportunities for the Johor community.
TROPICANA UNVEILS SKYPARK KEPLER BY BANYAN GROUP IN LIDO WATERFRONT BOULEVARD
The Edge & The Star, 18/11/2024
Tropicana Corp Bhd has unveiled its first luxurious and branded residence, the Skypark Kepler by Banyan Group within the 163-acre Lido Waterfront Boulevard, Johor. Located on a 4-acre land, Skypark Kepler, with a gross development value of RM2.1 billion, will feature two 54-storey towers with 848 fully furnished designer units, offering layouts of 2 to 5 bedrooms and boasting branded furnishings and fittings. The selling price starts from RM2,001 per sq. ft. while the maintenance fee is RM0.55 per sq. ft. This luxurious development caters to young professionals and modern families offering a wide range of sizes from 680 sq. ft. to over 2,200 sq. ft. Banyan Group is an independent global hospitality company with a presence in 22 countries with its 12 global brands. Lido is home to seven key components such as residential, commercial, wellness, education, hospitality, recreational and other lifestyle offerings. The unique selling points of Lido are its freehold international zoning, close proximity to the RTS link (less than 5km), fully-furnished layouts with an unobstructed waterfront view, 2.5km waterfront boardwalk, Samsung smart home features, green-certified building, and multi-tiered security. Purchasers and investors of Skypark Kepler will have exclusive access to the Banyan Sanctuary Club & Banyan Living. Club members will receive an extensive range of benefits including discounts throughout Banyan Group worldwide.
