INDUSTRY NEWS (6 April 2021)
Real estate sector recorded RM119b transactions in 2020
The country’s real estate sector recorded 295,968 transactions worth RM119.08 billion in 2020, a contraction of 9.9% in number and 15.8% in value compared to 2019. Finance Minister Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz said the significant decline in
Construction sector to be on the roll again with MRT 3 back on track
Cabinet’s green light to proceed with the Mass Rapid Transit Line 3 (MRT 3) project shall be music to the ears of the construction fraternity given there is at least RM22.5 bil in project value to be doled out. Maybank IB Research said it remains to be seen whether the project
Revised ECRL to cost less, says Wee
The revised alignment of the East Coast Rail Link project (ECRL 3.0) is estimated to cost RM50 billion, lower than the original construction cost of the previous ECRL that was launched in 2017. Transport Minister Datuk Seri Dr Wee Ka Siong said the viability of ECRL 3.0 is enhanced
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