Realty Tidbits: A recap of recent property happenings
Gamuda celebrates 40th birthday
Gamuda Land is celebrating the 40th anniversary of its parent company, Gamuda Bhd, with the public by giving away gifts around high-traffic areas in the Klang Valley over weekends, including Kajang, Petaling Jaya, Subang, Klang and more.
“We would like to thank everyone for their overwhelming support of our developments and seek their continual support as we introduce more exciting projects in 2017,” said Gamuda Land managing director Chow Chee Wah.
Read more here.
Ekovest clinches RM255mil River of Life contract
Ekovest Bhd has been awarded new packages under the River of Life (RoL) project which are worth RM255.5mil.
The two new packages included Package 4A (Sungai Klang vicinity from Jalan Kinabalu to Jalan Maarof) and Package 4B (Brickfields, including Jalan Scott, Jalan Tun Sambanthan 4, Jalan Thambipillay, Jalan Sultan Abdul Samad, and Jalan Tebing).
Read more here.
I-Bhd to build smart homes with China’s Huawei
Property developer I-Bhd together will be launching its first smart home project, Converse @ i-City, with technology partner Huawei Technologies Co Ltd next April i-City.
The project will have 200 units of smart fully-furnished homes equipped with Internet of Things (IoT) technology as part of its readily available and standard utilities.
Read more here.
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EcoFirst to launch RM600mil GDV project
Property developer EcoFirst Consolidated Bhd is launching on its biggest project with a combined gross development value (GDV) of RM600mil in Ulu Klang next month.
This is part of a RM5bil mixed development project known as Ampang Ukay the company is developing over 10 years on a 87 acre site located on the outskirt of the Kuala Lumpur city centre.
Read more here.
Forest City opens Bangsar sales gallery
Forest City recently opened its second international sales gallery at Bangsar, Kuala Lumpur.
“Forest City Kuala Lumpur Sales Gallery will provide one-stop services including project sales, investment consultation and business-to-business cooperation,” said Country Garden Group overseas marketing director Zhang Bingsheng.
Read more here.
Sunway Velocity Mall to open at Cheras
Sunway Velocity Mall, the first shopping mall with a one-million sq ft net lettable area (NLA) to serve the densely populated Cheras population, opened on Dec 8.
Sunway Velocity Mall has 12 key tenants including Parkson, TGV Cinemas, Aeon MaxValu Prime, CHi-X Fitness, Grand Imperial, Uniqlo, Harvey Norman, Padini Concept Store, Popular Bookstore, Home’s Harmony, Toys ‘R’ Us, and JD Sports.
Read more here.
Naza TTDI expect to launch Malaysia’s largest exhibition centre in 2017
Property developer Naza TTDI is expecting the Malaysia International Trade and Exhibition Centre (MITEC) to be fully operational by the first quarter of 2017.
With a GDV of RM810mil, MITEC, the country’s largest exhibition space with a gross exhibition floor area of 92,903 sq m and 11 exhibition halls, will be able to accommodate up to 40,000 visitors at a time.
Naza TTDI also recently launched the KL Metropolis Show Gallery.
Read more here.
SP Setia offers loyal customers free movie screenings
SP Setia Bhd will be offering free movie screenings to loyal customers from now until December 2016.
SP Setia Bhd vice president Datuk Koe Peng Kang said Citizen Setia can expect more exciting and exclusive activities in the weeks to come.
The activities include a chance to catch an exciting trip to London to catch the prestigious and celebrated Royal Horticultural Society (RHS) Chelsea Flower Show 2017, as well as a viewing of the locally produced musical drama “Yours Musically”.
Read more here.
WCT founders exit firm
WCT Holdings Bhd saw a new executive chairman as Datuk Capt Ahmad Sufian was replaced by Tan Sri Desmond Lim Siew Choon, the former executive chairman of Malton Bhd.
WCT also announced the resignation of managing director Peter Taing Kim Hwa, executive director Kenny Wong Yik Kae and independent non-executive director Choo Tak Woh.
Read more here.
Johor company to build affordable homes and a specialist hospital
State investment arm Johor Corporation is set to develop 2,659 houses that includes affordable homes in Sri Gading.
The development on a 95.50ha land, known as Taman Mutiara Gading, would also see the construction of a specialist hospital that costs RM95mil to meet the people’s healthcare needs.
Read more here.
SkyWorld launches last Bennington tower
SkyWorld Development Bhd recently launched Tower A of Bennington Residences. It offers 284 units with two layouts of either single unit or dual-key unit.
The project with two 40-storey towers is located within the SkyArena development in Setapak, Kuala Lumpur. Bennington Residences’ Tower B was launched last year with good take-up rate.
Read more here.
