Jayamas Property Group marked a significant milestone with the groundbreaking ceremony for their second affordable housing project, Aston Minka, nestled in the heart of Bukit Mertajam. The event, held on the Aston Minka site, was attended by the Management Team and Directors of Jayamas Property Group yesterday.

Aston Minka is nestled on a 1.29-acre plot of land along Lebuh Aston, comprising an 18-storey residential tower, the project encompasses 237 affordable units, complemented by a four-level car parking podium. The fifth level is designated for resident facilities.

* FIND OUT MORE ABOUT ASTON MINKA *

The newly sworn in housing and environment state exco Datuk Seri S. Sundarajoo will focus on providing more affordable housing to the B40 group in Seberang Perai.

The first-term Perai assemblyman said the previous housing exco has introduced a lot of affordable housing projects but most of it were focused on the island.

“I noticed that there are a lot of lands in Perai and on the mainland to introduce affordable housing projects,” he told reporters after the state exco swearing in ceremony at Dewan Sri Pinang yesterday.

He said there were also existing old low cost housing that needed to be upgraded.

“I will look into upgrading those projects and introducing new development on the mainland,” he said.

He said he had experience of 37 years as a developer so he is well versed in the housing industry to hold the housing portfolio.

When asked about whether there was conflict of interest due to his previous occupation, he said he has retired from the corporate world about seven months ago.

“I have completely retired, I was not a director of the main board, I was not a director of the Eco World board, I was only a director of one of the subsidiaries, I don’t own any major share to quality to sit on the board of directors, I don’t hold any position in Eco World or SP Setia,” he said.

He said joining politics and running for elections as an assemblyman was a “national service”.

“With my vast experience, I am sure I can do this job well,” he said with regards to the portfolio he holds.

Source: MalayMail.com

A newly proposed mixed development by Chia Ui Chong Holdings Sdn. Bhd. near Kota Permai in Bukit Mertajam. Positioned at the crossroads of Jalan Bukit Minyak and Jalan Permai Jaya 1, the site is conveniently situated in proximity to Econsave Alma. Its strategic location provides seamless connectivity to neighboring townships, with a mere 5-minute drive to the main thoroughfares of Jalan Song Ban Kheng and Jalan Bukit Tengah.

The development is to be completed in three phases. The initial and second phases will encompass a combined total of 16 units of shop offices. In the third phase, it will feature a gated and guarded project, comprising 38 units of 2-storey terrace houses.

The project is still pending approval. More details about the development to be available upon its official launch.

Project Name: (to be confirmed)
Location : Bukit Mertajam
Property Type : Mixed development
Built-up Size: (to be confirmed)
Land Area: (to be confirmed)
Total Units: 16 (shop office), 38 (2-storey terrace)
Land Tenure: (to be confirmed)
Indicative Price : (to be confirmed)
Developer: Chia Ui Chong Holdings Sdn. Bhd.

DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider, or party in question.

The construction sector is expected to get a boost after the outcome of the hotly contested state elections saw the status quo maintained, lifting the dark political clouds that have weighed down the Malaysian economy.

This has prompted RHB Investment Bank Bhd (RHB IB) to retain its “overweight” call on the sector, in a note yesterday.

The research house is upbeat on the sector, citing expectations of a more robust federal government that can prioritise programme implementation and reforms, potentially resulting in an acceleration of government job opportunities in the upcoming months.

The state polls concluded with the unity coalition of Pakatan Harapan and Barisan Nasional keeping control of Selangor, Penang, and Negeri Sembilan while Perikatan Nasional strengthened its grip on the states of Kedah, Kelantan, and Terengganu.

RHB said infrastructure initiatives gaining momentum include the Mass Rapid Transit 3 (MRT3) project with an ongoing cost assessment, the Bayan Lepas Light Rail Transit (BLLRT) project, and the final stage of the Pan Borneo Highway development.

Meanwhile, the re-elected Penang government, now potentially backed by state funding, is poised to enhance collaboration with the federal authorities, potentially expediting the commencement of BLLRT operations by the close of the year.

Furthermore, it indicated that the ongoing prequalified tender phase for the government’s RM10.9 billion flood mitigation initiatives across the country could experience advancements, potentially diverging from the initial timeline set for a June launch.

“Hence, we may see further upside in terms of the value of jobs awarded to contractors in the coming months,” RHB said.

Moreover, it noted the total value of construction contracts granted in the current year so far has reached RM59.4 billion, versus the RM77.6 billion recorded in the previous year.

The research house named Gamuda Bhd, Sunway Construction Group Bhd (SunCon), and Kerjaya Prospek Group Bhd as its top picks due to their consistent track records in securing new projects.

The “buy” recommendation for all three groups was maintained, accompanied by target prices of RM5.27 for Gamuda, RM1.55 for Kerjaya Prospek, and RM2.08 for SunCon.

Source: FMT Online

Taman Seri Valdor, a residential development by KY Maju Development Sdn. Bhd. near Valdor in Jawi. Located off Jalan Ketitir, and accessible via Jalan Valdor. The project location is about 10 minutes drive from Batu Kawan Industrial Park, about 15 minutes drive to Bukit Tambun Toll Plaza. It is surrounded by matured communities with essential amenities within 2km.

This development will feature 33 units of 2-storey terrace and 12 units of 3-storey terrace houses. The 3-storey house boasts five bedrooms and four bathrooms, while the 2-storey terrace house provides four bedrooms and three bathrooms.

Project Name : Taman Seri Valdor
Location : Sungai Jawi
Property Type : Residential
Tenure: (to be confirmed)
Built-up Size: 20′ x 45′ (2-storey), 20′ x 45′ (3-storey)
Total Units : 33 (2-storey terrace), 12 (3-storey terrace)
Indicative Price : (to be confirmed)
Developer : KY Maju Development Sdn. Bhd. (Kim Yong Group)

DISCLAIMER: This article is solely based on research done using publicly available data. This is not an advertisement. Any claim, statistic, quote or other representation about a project or service should be verified with the developer, provider, or party in question.