Magna Prima sued by luxury condo residents
Property developer Magna Prima Bhd is facing a RM25mil suit over its luxury condominium, The Avare @ KLCC. 24 residents filed a suit citing design defects, poor workmanship, and alleged misrepresentation by Magna Prima and its subsidiary ECSB. (The Star Online)
Bina Darulaman bags RM209.9mil Kedah road maintenance job
Property developer and construction firm Bina Darulaman Bhd has accepted a RM209.9 million contract from JRK Kedah to maintain state roads in 10 districts for a duration of 3 years starting from today. The districts include Kota Setar, Padang Terap, Kuala Muda,Sik, Kubang Pasu, Kulim, Bandar Baharu, Pendang, Yan and Baling. (The Edge Markets)
Malton launches Bukit Jalil City integrated development project
Malton Bhd and Kuala Lumpur Pavilion Sdn Bhd has launched its Bukit Jalil City integrated development with an estimated worth of RM1.5 billion. The project is divided into 4 major components: 3- and 5-storey retail offices, 2- and 3-storey Park Point Retail, The Park Sky Residence luxury apartments with 1,098 units and the Pavilion Bukit Jalil shopping mall. (The Edge Property)
Artist impression of Bukit Jalil City (Source: The Edge)
CMS and Naim bid for power plant project
Cahaya Mata Sarawak Bhd (CMS) and Naim Holdings Bhd are two of the four groups bidding for a combined cycle gas turbine (CCGT) project in Bintulu, Sarawak. The Kidurong project is valued at RM400 million, and aimed towards supporting the ongoing development of the Sarawak Corridor of Renewable Energy (Score). The tender of the project is only for engineering procurement and construction; concession will be by Sarawak Energy Bhd. (The Edge Financial Daily, 10 June, pg. 7)
Iskandar Malaysia to attract RM30bil investments
Iskandar Malaysia is still expected to attract up to RM30 billion worth of investments this year, and the main focus for the next few years is the creative and logistics sectors in the region. However, the authorities have warned property developers to ensure that supply matches demand in the long run. The total realised investments in the region amounts to RM166 billion since its launch in 2006. (New Straits Times Online)
Iskandar Malaysia to launch second development plan in Q3
The second Comprehensive Development Plan (CDP) for Iskandar Malaysia will be launched at the end of the second or early third quarter of this year, and will be a review of the first development plan from 2006. The second CDP will focus more on social and environmental management. (Bernama)
JPJ apologizes over ‘sarong incident’
The Jabatan Pengangkutan Jalan (JPJ) has issued an apology to the woman who was asked to wear a sarong at one of the agency’s offices. The incident went viral when photos circulated showing the woman wearing a sarong in order to receive services at a JPJ office, as her attire was deemed inappropriate. The agency maintained, however, that it imposes a dress code on all visitors, much like that in other government departments. (Astro Awani)
