Page 8 - Development Sdn Bhd News Today

IT’S a mega project touted to lure in RM100bil of investments over the next 15 years and has been flaunted as a “game changer”, but locals are more wary than thrilled about the Melaka Waterfront Economic Zone (M-WEZ). Chief Minister Datuk Seri Sulaiman Md Ali, who launched the plan recently, said the zone stretching from Sungai Udang to Umbai, covering 33km of the state’s coastline, would involve the reclamation of 10,117.14ha from the sea, an area the size of about 15,000 football fiel...

Mezzo, the first and a key residential component of The Light City with stunning views of the Penang Straits, had its soft launch in February this year. KUALA LUMPUR: IJM Construction Sdn Bhd has secured two contracts, an RM89.8 million contract for the construction of infrastructure building and public realms’ works at Tun Razak Exchange (TRX), Kuala Lumpur, and another contract worth RM237.8 million for the construction of Mezzo residential tower at The Light City, Gelugor, Penang. For the ...

KUALA LUMPUR (April 26): Computer Forms (Malaysia) Bhd (CFM) has proposed to sell four parcels of land in Setapak, Kuala Lumpur to FCW Holdings Bhd for a total of RM91.1 million. In a filing with Bursa Malaysia today, CFM said the four parcels of land, comprising two parcels of leasehold land with buildings erected, is to be sold by its indirect wholly-owned subsidiary CFM Development Sdn Bhd (CFMD) for RM57.8 million and RM22.6 million. CFM Printing & Stationery Sdn Bhd, a wholly-owned subs...

Tuju Setia managing director Wee Eng Kong (pic) said the project would broaden the group’s portfolio of high-rise buildings and add to its current order book KUALA LUMPUR: Tuju Setia Bhd, which is en route to list on the Main Market of Bursa Malaysia, has bagged a contract worth RM143.5mil from FDM Development Sdn Bhd, a wholly-owned subdsidiary of Glomac Bhd , to build a high-rise development in Petaling Jaya. In a statement, the construction services company said its fully owned-subsidiary,...

Published on: Wednesday, March 10, 2021 Text Size: Eskay Shellstown Development Sdn Bhd has appointed marketing firm, Property Hunter and sales agent, Bornion Realty in preparation for the launching of the upcoming housing development in Tuaran. The affordable project, set in a strategic location is targeted to be launched in March 2021 with attractive promotions and amenities.  Director of Shellstown Development, Mr Eskay Wong, says the project, which is pending for final stage of APDL approv...

Last week, KAJ Development Sdn Bhd — the private company looking to develop the multi-billion ringgit Melaka Gateway coastal reclamation project — failed to get the court to review the state government’s decision to cancel the development. KAJ was denied leave, as it was ruled that there was no public law element in the state’s decision. As such, its judicial review application was dismissed. KAJ is understood to have filed an appeal. The dispute arose after the state government late la...

MELAKA (Feb 17): The developer of the multi-billion ringgit Melaka Gateway coastal reclamation project had yesterday failed to have the court review the state governments decision to cancel the reclamation project that it had undertaken for three years. The decision was made by Justice Anselm Charles Fernandis, who denied leave to the developer KAJ Development Sdn Bhd and ruled that there is no public law element involved in the states decision and dismissed the judicial review application, acc...

PETALING JAYA (Feb 1): Sunway Bhd (Sunway) wholly-owned subsidiary Sunway Kinrara Sdn Bhd has signed a sale and purchase agreement (SPA) to acquire a 3.34-acre parcel of prime freehold land from CTM Development Sdn Bhd in Taman Mutiara, Kuala Lumpur at a purchase consideration of RM42 million. Sunway plans to develop exclusive homes to fit the new norm and lifestyle. The residential development on the land will comprise town houses and condominiums. It is expected to be ready for launch by t...

KUALA LUMPUR (Jan 14): See Hup Consolidated Bhd is selling nine plots of land in Penang measuring 853,863 sq ft in total for RM46.96 million cash to Tek Seng Holdings Bhd and a vehicle controlled by the latter’s executive chairman and managing director. In a bourse filing, See Hup said the proposed disposal is expected to generate a pro forma gain of RM28.05 million. The market value of the property is RM45.20 million, as appraised by C H Williams. The transportation and logistics company ann...

14 Jan 2021 / 23:37 H. PETALING JAYA: See Hup Consolidated Bhd has entered into a conditional sale and purchase agreement for the disposal of a parcel of land in Seberang Perai Tengah, Penang, to Wangsaga Industries Sdn Bhd and Tek Seng Properties & Development Sdn Bhd for a cash consideration of RM46.96 million, via its wholly owned subsidiary Limsa Ekuiti Sdn Bhd. According to the group’s Bursa filing, the price of the land parcel was determined based on “a willing-buyer and willing-sell...