MCT Bhd is looking to launch seven new developments, worth RM2.2 billion in total, this year. These launches comprise residential units and commercial projects.
These seven launches include Aetas Damansara in Tropicana Golf & Country Resort, Damansara; Alira in Metropark, Subang as well as Sanderling Lakefront Residences in Cyberjaya. Other projects include a boutique commercial centre at Lakefront Cyberjaya; the maiden phase of Cybersouth Town Centre in Dengkil as well as new residential developments in USJ Subang and Cybersouth, respectively.
CEO Teh Heng Chong expects the property market to continue its path towards recovery as the global economy is gaining steady progress following the recent Covid-19 vaccine roll-out. The low interest rate environment and reintroduction of the Home Ownership Campaign, he said, present good buying opportunities, and more homebuyers are searching for their dream homes.
“Recognising the prevailing uncertainties in the environment, we have quickly pivoted to broaden our product offerings to support future growth and build business resiliency. Over the past few years, we have been growing our presence in the southern region of the Klang Valley, focusing on residential developments in Cyberjaya and our first township development in Cybersouth,” he said in a press release.
“Moving forward, we aim to expand our development footprint, targeting prime areas within the Klang Valley, in order to reach out to various market segments. We are also actively pursuing joint venture and land acquisition opportunities to fuel future growth.”
MCT currently has an undeveloped land bank of 289.5 acres with a total gross development value (GDV) of about RM11.4 billion.
Aetas Damansara will be officially launched this month, offering 226 condominium units priced from RM1.97 million. The RM564 million project spans 1.76 acres in Tropicana Golf & Country Resort. The developer’s maiden luxury residential project is also a joint development with Ayala Land, Inc.
Teh explained that Aetas Damansara echoes MCT’s new vision to set a new benchmark of living spaces anchored on three key elements — bespoke design, efficient space planning and best-in-class fittings. Each unit has an exclusive private lift lobby, which is further enhanced with a multi-tier security system.
Also, phase one of Alira in Metropark Subang is targeted for launch in the first quarter. With a GDV of RM316 million, it consists of 492 apartment units, with built-up areas from 695 to 1,048 sq ft.
Sanderling Lakefront Residences will have 606 units of condominiums priced from RM475,000. To be launched in the second quarter, the development is surrounded by universities and technology-related workplaces.
In 2020, the group has handed over 3,053 units to homeowners of Selangorku PR1MA Lakefront Homes, Lakefront Residence (Phase Two) in Lakefront Cyberjaya as well as Casa Bluebell and Casawood landed residential developments in Cybersouth township.
There is a crane incident at The Exchange TRX. The good news is there is no one injured in the incident.
"No one was injured in a crane incident at The Exchange TRX project site yesterday", said property developer Lendlease.
A heavy storm started at approximately 6pm and it has been established that the crane jib had come down during this storm event. No one was injured during this incident," said the group said in a statement.
“A team has been assembled to manage the situation and we are working closely with the relevant authorities. The team is unable to provide further details, as investigations are ongoing.
“The safety and well-being of our workers onsite remain our top priority,” added Lendlease.
The Exchange TRX, formerly known as the Lifestyle Quarter, is located within the 70-acre Tun Razak Exchange (TRX) development. The retail component will offer 1.3 million sq ft of net lettable area.
Developed and managed by LQ Retail Sdn Bhd, The Exchange TRX is a joint venture between international property and infrastructure group Lendlease (60%) and TRX City Sdn Bhd (40%), the master developer of TRX. TRX City is wholly owned by the Ministry of Finance.
CapitaLand Malaysia, a unit of Singapore-listed CapitaLand Ltd, said it is the first mall operator in Malaysia to onboard seven malls within its portfolio onto Grab's Malls by GrabMart platform.
The seven malls comprise Queensbay Mall in Penang, Melawati Mall in Taman Melawati and five owned by CapitaLand Malaysia Mall Trust (CMMT) — Gurney Plaza (pictured) in Penang, a majority interest in Sungei Wang Plaza in Kuala Lumpur, 3 Damansara in Petaling Jaya, The Mines in Seri Kembangan and East Coast Mall in Kuantan.
In a press release, CapitaLand Malaysia’s head of retail Eddie Lim said an omnichannel strategy to support shoppers and retailers was catalysed by the greater adoption of digitalisation in the retail sector during the Covid-19 pandemic. Consumers opted to stay at home as movement restriction orders were in place, leaving a significant impact on many businesses.
Shoppers can now enjoy the convenience of shopping at CapitaLand malls within a digital space in the comfort of their homes. With more than 50 CapitaLand tenants listed on Malls by GrabMart, shoppers can mix and match their orders from different stores in the same mall and have the orders delivered, and pay only one delivery fee.
Grab Malaysia head of commercials JJ Tan said: “With popular household brands under CapitaLand’s list of merchants on Malls by GrabMart, we are confident that shoppers will find it more convenient to shop online from these merchants and have their purchases delivered right to their doorstep in a single order with one delivery fee. This would definitely be a much safer and cost-efficient way to purchase a variety of items from different shops from the same shopping mall.”
CMMT is listed on Bursa Malaysia and has a market capitalisation of RM1.46 billion.
The article is refer from edgeprop.my
Penang is honorably being ranked No.3 in Global for being 2021 BEST Islands in the World to Retire On. Wow what an honor for us. Its not just the heaven for great food but its heaven for retiree to retire in.
International Living listed Penang as the 3rd best island in the world to retire in, after Malta and Mallorca, Spain. International Living consists of “in-the-know professionals” who have been covering overseas retirement trends for over 40 years.
The list listed Top 15 Islands in the World to Retire On. The criteria for the list include “the ability to live a simpler, more peaceful life without breaking the bank”. George Town, Penang is “home to eclectic architecture, a vibrant art scene, and the best street food in the world”.
There are 3 other Asian countries that made the list as well, aside from Penang, Malaysia. They are Bali (9th place), Koh Samui, Thailand (10th place), and Phu Quoc, Vietnam at 15th place.
Here's the Full List of Top 15 Island in the World to Retire On:
Great news that MRT 3 is reviving and MRT 2 is completing soon and operating in August 2021. That will make our public transportation coverage much wider and much further. Thus this will further benefit Malaysians where our Public Transport system is much better than ever.
Back to 7th November 2020, Malaysia government had announced in Budget 2021 that they are reviving the multi-billion ringgit Mass Rapid Transit Line 3 (MRT 3) under the Budget 2021.
"Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz says the government has allocated RM15bil for transport infrastructure projects for 2021 as part of the government’s commitments that will benefit the people. Aside the MRT 3 project, the government will fund projects like Pan Borneo Highway, Rapid Transit System Johor–Singapore, first phase of Klang Valley Double Track (KVDT) and Gemas-Johor double tracking."
Today, it is announce by Transport Minister Datuk Seri Dr Wee Ka Siong that the construction of the Mass Rapid Transit Line 3 (MRT3) project, which was suspended by the previous government, will begin in the second half of this year. Transport Minister Datuk Seri Dr Wee Ka Siong said as such, the ministry had given Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) three months to update the studies conducted previously on the implementation of the project, to be presented to the Cabinet.
“In the recent cabinet meeting, the government agreed to go ahead with the MRT3 Circle Line and MRT Corp was given three months to update the studies which include the cost of this project,” he told reporters here today.
He said this after inspecting the operational availability of the first phase of the Putrajaya MRT Line from the Sri Damansara Sentral MRT Station to the Kampung Batu MRT Station, Kuala Lumpur.
On the Putrajaya MRT Line, Wee said the project had reached 97% in construction progress, and is expected to begin operations in August.
He said the remaining 3% of the 17.5km MRT line project only involves testing and commissioning of mechanical and electrical systems as well as trial operations.
Wee said the second phase of the project from Kampung Batu to Putrajaya, which had recorded an overall progress of 87%, is scheduled to start operations in January 2023.
The total construction cost of the Putrajaya line is RM30.53 billion.
In this section we will be sharing on articles & news update related real estate and some other interesting topics.