Daily Industry News Update (7 June 2022)

Penang to start pre-qualification process, RFP for Bayan Lepas LRT project

The Penang state government will carry out a pre-qualification process for the Bayan Lepas Light Rail Transit (LRT) component project in the second quarter of this year, followed by a request for proposal (RFP) process in the third quarter.

Rising number of ‘sick’ housing projects adds to housing woes

According to the government’s statistics, as of March 31, 2022, the number of “sick” private housing projects rose to 580, comprising 102,132 units, which affected a total of 51,000 house buyers compared to 365 sick projects