Putra Prima

Wednesday, August 17, 2011

Our Neighbouring Taman: Aman.sara

source: http://www.simasgroup.com.my/

Sunway unit, MRCB get LRT extension jobs

KUALA LUMPUR: Sunway Holdings Bhd and Malaysian Resources Corp Bhd (MRCB) announced yesterday the awards of contracts for the light rail transit (LRT) extension projects by Syarikat Prasarana Negara Bhd (SPNB).
Sunway Construction Sdn Bhd, a unit of Sunway Holdings, clinched Package B for the Kelana Jaya line extension project, valued at about RM569 million while MRCB was awarded a contract worth RM1.33 billion for the Ampang line extension.
SPNB is fully owned by the Ministry of Finance, and was given the task of expediting the project by the government.
In a statement yesterday, Sunway Holdings said the Kelana Jaya line extension will link Kelana Jaya station to Putra Heights via Subang Jaya. The facilities works are divided into two packages, Package A and Package B.
Under Package B awarded to Sunway Construction, the facilities works will involve the construction and completion of facilities along a 8.1km route from Persiaran Kewajipan, Subang Jaya to Putra Heights.
The works include site clearance, earthworks, viaduct construction, roadworks, drainage, traffic management, structural and temporary works.
“The proposed project is expected to commence upon handing over of site possession which is anticipated in September 2011 with a construction period of 29 months.
“It is expected to contribute positively to the earnings of Sunway Group for the financial year ending Dec 31, 2012 onwards,” said the company.Sunway Holdings’ outstanding construction order book stands at RM1.97 billion, of which RM508 million is from overseas. It also has a tender rolling order book of RM1.5 billion.
In its filing with Bursa Malaysia, MRCB said the contract was awarded through its wholly-owned subsidiary MRCB Engineering Sdn Bhd (MESB).
The RM1.33 billion contract includes the construction and completion of facilities works including fabrication and delivery of segmental box girders (Package B) for the Ampang line extension project.
MRCB also said that through a separate letter SPNB has awarded MESB the sub-contract for the fabrication and delivery of segmental box girders (Package B) for the Kelana Jaya line extension project.
MESB also bagged a RM67.2 million job from Sunway Construction. No details were available. The construction period for the works is 20 months from commencement date which is defined as anytime within 14 days from the notice to proceed,” said MRCB adding that the contracts would contribute positively to MRCB’s future earnings.
In its annual report for FY10, MRCB said its order book had surpassed the RM1 billion mark.
The main contractor of the facilities job for Package A, worth RM634.64 million of the Ampang line, was jointly awarded to Bina Puri Holdings Bhd and Tim Sekata. The contract is scheduled to complete within 2½ years.
The first phase of the Ampang line will be a new 7.4km stretch from the Seri Petaling station to Station No 5, while Package B will see a 10.3km extension from Station No 5 to the Putra Heights Station.
So far, SPPNB, which has been given the mandate to oversee the country’s infrastructure projects, has awarded contracts worth RM1.7 billion for the first phase (Package A) of the RM7 billion (LRT) extension project involving the Kelana Jaya and Ampang lines.

SPNB had said the selection of the contractors was done through an open tender process starting from November 2009. A total of 119 applications were received, but one was rejected due to failure to comply with application guidelines.

source: TheEdge 17 August 2011

Thursday, August 11, 2011

80% of retail lots in M Square Mall sold

PROPERTY developer Millennium Land Sdn Bhd has announced that 80% of the retail lots in M Square Mall have been sold. “This is better than the anticipated response to our integrated development M Square @ Millennia City launched in May this year,” said Millennium Land general manager Chua Chin Eng. “I believe that Millennia City will be the next commercial hub of Puchong,” he said at the Millenia-Hilton Premium Club Membership presentation ceremony.
M Square has a total GDV of RM1.5bil. It has a total gross built-up area of 1.37 million sq m and a nett built-up area of 0.75 million sq m. This development comprised M Square Mall — a 115,824sq m self-enclosed six-storey shopping mall that is linked to the 255-room Hilton Garden Inn, and a 0.64mil sq m Street Mall comprising 13 blocks of six-storey retail and office units which upon completion, will be the country’s largest alfresco mall and the commercial heartbeat of Puchong.
A convention hall with a seating capacity of 1,200 to cater to the Meetings, Incentives, Conferences and Exhibitions (MICE) market segment will also be part of M Square offerings. The development also features 3,250 car park bays with direct drive through access from the LDP via an underpass to be built by MLSB.
According to Chua, in conjunction with the continuous marketing programme to promote M Square and Hilton Garden Inn, Millennium Land through its agreement with Hilton Worldwide, is offering purchasers the Millennia-Hilton premium Club membership card.
The Millennia-Hilton Premium Club membership card offers a host of privileges which includes dining and beverages privileges of up to 50% at Hilton Hotel’s restaurants in Kuala Lumpur, Petaling Jaya, Kuching, accommodation privileges at any Hilton Hotels in Malaysia, as well as discounted rates at any participating Hilton Hotels in the Asia region.
Members will also get to enjoy overall discounted rates for the use of the in-house Clark Hatch Gym & Spa treatment centres as well as amenities, business centre services at Hilton Kuala Lumpur and Hilton Petaling Jaya.
Millennium Land will be giving away Millennia-Hilton Premium Club membership card for those who made purchase of our property now and enjoy the privileges offered immediately.

source: TheStar August 12, 2011