Bidding for Bandar Malaysia ends on July 20
Companies planning to take part in the development of the Bandar Malaysia project have until Thursday to submit their bids. The finance ministry is still receiving applications, which will be collated and evaluated. Last month, the ministry said it was hoping to attract Fortune 500 companies and those with vast experience to the Bandar Malaysia development. In May, the government opened up a second tender for companies to bid for the project after the agreement with the initial master builder, IWH-CREC Sdn Bhd, was terminated. Bandar Malaysia sits on prime real estate in Sungai Besi near the Kuala Lumpur City Centre. Its size of 196.7ha is five times the area of the iconic Kuala Lumpur City Centre and its large park. (Free Malaysia Today)
Sharp rise in Sarawak house prices expected
Double-storey terrace houses in Kuching can cost over RM1mil in the next five to 10 years if changes are not made to the planning requirement. Sarawak Housing and Real Estate Developers’ Association (Sheda) president Joseph Wong predicted that the lack of affordable housing for the middle-income group would also contribute to the sky-rocketing price of houses. Sarawak was in the severely unaffordable category of Malaysia’s housing affordability index, even beating Kuala Lumpur, as developers face challenges of high cost of labour, land, construction and other compliances. Sheda had proposed to the state government measures to stabilise housing prices in the state through more housing initiatives as well as using the Industrialised Building System (IBS) to build houses. (The Star Online)
Ekovest gets 30-acre land swap deal with government
Ekovest Bhd is set to fetch RM16 billion in GDV for its developments within the Kuala Lumpur River City (KLRC) riverfront development project as well as from a 30-acre land it will gain from a land swap deal with the government. Ekovest will undertake construction works of the non-mechanical Gombak River Enhancement And Tunnel (GREAT) system for the 2.2km portion of the Gombak River transformation. Ekovest currently has a 30-acre land within the site of the KLRC, on which the group is developing several properties namely EkoTitiwangsa, EkoRiverCentre, EkoGateway, EkoQuay and EkoAvenue. The land it will obtain is situated alongside the 2.2km stretch. Following the landswap deal, Ekovest’s landbank within the KLRC will be 60 acres. (The Edge Markets)
Yong Tai to unveil Melaka ‘condotel’ The Dawn
Yong Tai Bhd is set to unveil its latest property development in Melaka – The Dawn – a condominium-hotel with a gross development value of RM343mil this week. The tourism and cultural property developer said on Monday The Dawn will be built within its multi-billion-ringgit Impression City in Kota Laksamana, Melaka. The Dawn@ Impression City, to be built on a five-acre site, will comprise of one 28-storey block and another 29-storey block, and it will have all the facilities that a condominium-hotel living can provide to its residents. The Dawn is developed parallel with the Impression Melaka iconic theatre – a mega cultural performance and landmark project in Impression City. The Dawn is slated to be completed by end 2020. (The Star Online)
The condotel The Dawn will be integrated into the 138-acre Impression City (Image from The Star Online)
UDA Holdings to develop Angsana Johor Bahru Mall 2
UDA Holdings Bhd is developing the Angsana Johor Bahru Mall 2 with estimated GDV of RM1.5 billion. The project, which is currently in the final stage of having its design approved, is expected to be completed by 2021. The 800,000 sq ft mall will be built on a 4.45ha site near the existing Angsana Johor Bahru Mall, and both buildings will be connected with a bridge. UDA also plans to develop the Tampoi City Centre on the remaining 13.13ha of land, which would include a business complex, convention hall, hotel, luxury condominiums and low-cost apartments near Angsana 2. (Bernama)
IJM Corp wins RM450.9mil UOB Tower 2 construction job
IJM Corp Bhd has bagged a RM450.9 million contract for the construction of the UOB Tower 2 project. The project involves building five levels of basement car park, one level of lower ground floor, two levels of podium for a banking hall and 27 levels of office space including a green lounge reception, a sky lounge and mechanical floors. The completion period of the project is 40 months. (The Sun Daily)
The existing airport at Mukah, Sarawak (Photo from mrsamirul.blogspot.com)
Ibraco bags RM302mil airport job in Mukah, Sarawak
Ibraco Bhd has bagged a RM302.64 million contract to construct the new airport in Mukah, Sarawak. The contract relates to final formation, airfield pavement, access road, landside infrastructures and building works. Ibraco said the project will be completed within 36 months from the commencement date. It will be funded via internally generated funds and external borrowing, is expected to contribute positively to the earnings and net assets of Ibraco. (The Edge Markets)
ML Global partners Sany Construction for RM40mil IBS plant
ML Global Bhd is partnering with Sany Construction Industry Development (M) Sdn Bhd, a subsidiary of China’s Sany Group Co Ltd, to set up a RM40 million precast concrete panel manufacturing plant in Nilai, Negeri Sembilan. Phase 1 of the facility will take six months to complete and production is targeted to begin by the end of 1Q 2018. ML Global has plans to expand the facility going forward, as the first phase of the plant is expected to be fully utilised upon completion. (The Edge Markets)
