The overall residential property market appears to have improved slightly in 3Q2020, says Savills Malaysia director of research and consultancy Amy Wong in presenting The Edge/Savills Klang Valley High-Rise Residential Property Monitor for 3Q2020.
“During the quarter under review, the total amount of loan applications and approvals for the purchase of residential property in the country have doubled compared with the previous quarter,” she says. The total amount of loan applications increased to RM88.21 billion in 3Q2020 from RM42.55 billion in 2Q2020, whereas the total amount of loan approvals increased to RM29.74 billion from RM12.16 billion in the same period. Wong says this signals that interest in property buying remains sturdy in the market.
The S$180 million contract covers the construction of a 25m-tall viaduct spanning the Strait of Johor and connecting rail tunnels. - LAND TRANSPORT AUTHORITY
SINGAPORE (The Straits Times/ANN): The second civil contract for the construction of the Johor Baru-Singapore Rapid Transit System (RTS) Link was awarded on Friday (Jan 29), a week after Singapore broke ground on the cross-border rail shuttle service connecting the island with Malaysia.
The S$180 million contract covering the construction of a 25m-tall viaduct spanning the Strait of Johor and connecting rail tunnels was given to China Communications Construction Company Limited (Singapore Branch), which is currently constructing the Boon Lay station on the Jurong Region Line, the Land Transport Authority (LTA) said.
The Johor Baru-Singapore Rapid Transit System (RTS) Link’s station at Woodlands North and its connected Customs, Immigration and Quarantine (CIQ) facility will be about 10 times the size of a typical Mass Rapid Transit (MRT) station, Singapore's Land Transport Authority (LTA) said yesterday. The information was released as Singapore's Transport Minister Ong Ye Kung officiated a ground-breaking ceremony that marked the start of the construction of the RTS Link at a project site situated along Admiralty Road West.
SINGAPORE, Jan 23 The Johor Baru-Singapore Rapid Transit System (RTS) Link’s station at Woodlands North and its connected Customs, Immigration and Quarantine (CIQ) facility will be about 10 times the size of a typical MRT station, the Land Transport Authority (LTA) said yesterday. The.
PETALING JAYA: The construction and building materials’ sectors have been given a shot in the arm with the local participation of the civil works for the East Coast Rail Link (ECRL) project being set in stone at 40%.
Project owner Malaysia Rail Link Sdn Bhd (MRL) and the main contractor for engineering, procurement, construction and commissioning (EPCC), China Communications Construction Company Ltd (CCCC), have reached an agreement for the 10% increase.
This will now see local subcontractors and suppliers being appointed for at least 40% of the civil works, excluding tunneling works, estimated to be up to RM10bil for the implementation of the project from 2017 to 2026.