Gadang tenders for RM5.2bil worth of construction projects
KUALA LUMPUR: Gadang Holdings Bhd said it is currently bidding for RM5.2 billion worth of projects, including several packages of the mass rapid transit 2 (MRT2) project and the new light rail transit 3 (LRT3), to replenish its order book.
“For financial year 2017 (FY17), we are still positive in terms of our financials,” said Gadang group chief financial officer Kok Pei Ling. “As you know, the construction sector is still good with all the contracts and awards being rolled out. Hopefully, we can retain last year’s performance and do better, if we can secure more contracts.”
“Currently, our tender book is about RM5.2 billion, but that figure does not include future projects that we foresee will be called for tenders later on,” she told reporters after the group’s annual general meeting yesterday.
As at the end of the first quarter ended Aug 31, 2016, Gadang’s order book stood at RM603.7 million.
Gadang Land to launch second phase of Laman View in Cyberjaya
The second part of the freehold township will feature the first phase of the gated Maple Residence, which comprises 194 two-storey terraced houses and 469 affordable apartments in PR1MA Two — the township’s second parcel under the 1Malaysia Housing Programme.
The 32.29-acre Maple Residence has a GDV of RM345 million and will be developed in two stages with the remaining 146 units to be launched at a later date. Measuring 22ft by 70ft and 22ft by 85ft, the terraced houses have built-ups of 2,133 to 2,823 sq ft and are going for RM897,000 to RM1.4 million. The indicative monthly maintenance fee is RM350 to RM400.
The RM157.5 million PR1MA Two occupies 6.75 acres and its target balloting is likely to be held in the last quarter of the year. Two typical units — 850 sq ft and 1,000 sq ft — are being offered, priced from RM298,000 to RM382,000.
Gadang Land managing director Ling Hock Hing says the construction of Phase 1 of Laman View, which was launched in the middle of last year, is ongoing and that the units are expected to be handed over early next year.