Property

KUALA LUMPUR: WCT Holdings Bhd’s wholly-owned subsidiary, WCT Bhd has secured a contract to undertake works for additional lanes for the North-South Expressway expansion project from Yong Peng (North) to Senai (North) Phase 1: Senai (North) – Sedenak (Package A) worth RM249.74 million. WCT Holdings said its unit has received a letter of acceptance dated 14 June 2024 issued by Projek Lebuhraya Usahasama Bhd. The works under the contract encompass site clearance, demolition works, earthworks, drainage works, pavement works, road markings, road furniture, geotechnical works, bridge structures, environmental protection works, relocation of utilities, road lighting system and extension of vehicular box culvert. “The works under the contract are expected to be completed within 36 months from 28 June 2024, the date of commencement,” it said in a filing with Bursa Malaysia. — BERNAMA

KUALA LUMPUR: Genting Bhd is eyeing to generate about US$8.5 billion in revenue over the next 25 years from the gas-fired power plant in ZhouShan, Greater Shanghai Area in the Zhejiang Province, China, which it has proposed to acquire. Genting, through its indirect unit Genting MZW Pte Ltd, proposed to acquire a 49% equity interest in SDIC Jineng (ZhouShan) Gas Power Generation Co Ltd, which is developing a 2×745-megawatt (MW) gas-fired power plant in ZhouShan for 100 million yuan (RM64.87 million). Genting President and Chief Operating Officer Datuk Seri Tan Kong Han said the group aims to generate US$343 million annually starting in the year 2026 as the power plant is estimated to be completed by end-2025. He said the company is looking forward to investing more in the green energy sector even though the segment currently does not contribute significantly to its revenue. “If you look at our last annual report, the leisure and hospitality sectors contributed about US$4.9 billion in revenue, whereas the power as well as oil and gas divisions currently or at least at the end of last year, contributed only US$365.7 million. “So it is a small fraction of the business contribution, but just looking at the current gas prices, that could bring us around US$1.3 billion in revenue and it suddenly becomes a big number. “That is why we are excited and spending a lot of time and energy in this space,” he said. The gas-fired power plant is one of the 3 key H-class projects listed in the 14th 5-Year Plan of Zhejiang Province. “It uses an H-class gas turbine manufactured by GE Vernova Inc, which is the most efficient gas turbine in the world and the project is expected to be the first H-class unit to operate within the Zhejiang Province when it achieves commercial operation in the fourth quarter of 2025,” it added. — BERNAMA

KUALA LUMPUR: The Aerotrain Replacement Project at Kuala Lumpur International Airport (KLIA) is slated to be completed by 31 January 2025, ahead of the project’s original planned completion date. According to Malaysia Airports Holdings Bhd (MAHB), this expedited timeline, finalised through a contract signed on 14 June 2024 between Malaysia Airports (Sepang) Sdn Bhd (MA Sepang) and a joint venture consisting of IJM Construction Sdn Bhd and Pestech Technology Sdn Bhd (IJMC-Pestech JV). MA Sepang is a wholly-owned subsidiary of MAHB and Alstom Transport System (Malaysia) Sdn Bhd (Alstom). MAHB said this advances the original completion date of 31 March 2025 by 2 months. “As the project coordination lead, Alstom will oversee the delivery of 3 new trains, the upgrading of 2 lines and the overall comprehensive testing required for safe operations,” it said in a statement. MAHB said that according to the project’s timeline, the new aerotrains are expected to arrive in Malaysia from China by the end of the third quarter of this year. “The aerotrains will then undergo commissioning and rigorous testing by the relevant authorities before official operations can commence,” it said. In March 2022, MAHB announced that it had awarded the KLIA Aerotrain Replacement Project which has a 3-year completion timeline. However, the project encountered delays which resulted in a new project award in January 2024 to a consortium comprising Alstom, the aerotrain’s original equipment manufacturer and IJMC-Pestech JV to steer the project back on track. “Despite these setbacks, MAHB and its project partners have collected effectively to achieve a completion date ahead of the original schedule by implementing innovative strategies and efficient project management,” it added. Meanwhile, MAHB acting Group Chief Executive Officer Mohamed Rastam Shahrom pointed out that the early project completion ahead of the originally planned date was a testament to the commitment to improving the passenger experience. “This advancement not only addresses immediate operational needs but also strengthens KLIA’s position as a leading transport hub in the region by providing world-class service and infrastructure to our passengers,” he added. — BERNAMA

HONG KONG: As part of its stunning transformation, the reimagined Regent Hong Kong continues to ramp up the allure with the unveiling of the Signature Suites, a trio of spectacular luxury residential retreats. Each of the residence is equipped with a private outdoor terrace and whirlpool, unrivalled views of Victoria Harbour and the dazzling Hong Kong skyline, plus a myriad of Personal Havens enhanced by bespoke service “on your terms”. Showcasing the sublime aesthetic of visionary Hong Kong-born architect and designer Chi Wing Lo, the Presidential Suite, Terrace Suite and CEO Suite are one-of-a-kind Personal Havens that elevate the Regent Hong Kong experience to new heights. Celebrating the beauty of contrasts, Lo has created timeless spaces with a serene design sensibility that stunningly juxtaposes the hotel’s spectacular vistas from a multitude of aspects, allowing guests a bespoke experience that inspires special moments. From wedding ceremonies with cocktail receptions set against the backdrop of Victoria Harbour to intimate soirées, exclusive private events, romantic getaways and family reunions, Regent Hong Kong’s signature suites set the stage for exceptional experiences. Regent Hong Kong Managing Director Michel Chertouh comments, “Each of our Signature Suites is designed to offer a highly personalised experience and the height of sophistication and discreet luxury. Guests will feel as if they are living in a luxurious contemporary residence with spaces that become their own, rather than a hotel suite.” Re-envisioning each signature suite with warm cream tones, custom furnishings in natural oak with leather detailing and artisan craftsmanship, Lo has created a tranquil ambience with understated sophistication, elevated above the bustle of the city, while overlooking it all. The three Signature Suites represent the crème de la crème of the 129 stunning suites at Regent Hong Kong amongst a total of 497 guestrooms. With a variety of categories from which guests can choose, each Regent suite is a residential-style luxury retreat with a spacious living area and Oasis bathroom. While basking in discreet luxury and elevated amenities ‘with compliments’, guests are privy to magnificent vistas in Harbourview and Seaview Suites with intimate Private Havens designed for indulgent moments.

KUALA LUMPUR: IOI Properties Group Bhd (IOIPG) recently opened its 4.05-hectare (ha) Central Park in IOI Resort City, Putrajaya. Nestled adjacent to the Plam Garden Hotel and in close proximity to the 2.5 million sq ft IOI City Mall, this new park promises to become a vibrant hub for residents and visitors alike. IOI Resort City’s Senior General Manager (Property Management) Ho Kwok Wing described the park as a lifestyle landmark catering to families, fun-lovers and pet owners as it offers diverse sporting and waterfront amenities, including a pet-friendly zone with an obstacle course. “The Central Park is our latest offering, rounding out the recreational and leisure landscape of IOI Resort City. “We designed it to foster community interaction in a social space amid serene greenery, scenic lake views and engaging sports amenities,” he said. The park features an open lawn, playground, jungle track, floral green and various recreational spaces. Its sporting facilities encourage active lifestyles, including a skate and bike park as well as courts for basketball, badminton and futsal. Ho highlighted the park’s development aligning with IOIPG’s sustainability goals, providing ecosystem services like climate change mitigation, urban heat island reduction, flood prevention and biodiversity conservation. “In line with efforts to reduce carbon footprint and conserve existing plants, 71% of the trees in the park have been transplanted within IOI Resort City,” he said, adding that over one-third of the trees planted are vulnerable International Union for Conservation of Nature (IUCN) Red List tree species. He also noted that the park supports wildlife such as butterflies, dragonflies, reptiles, small mammals, fish, songbirds, waterbirds and raptors. “For more sustainable operations, the park uses a solar-powered light emitting diode lighting system. “IOIPG aspires to conserve the park for a long-term contribution towards United Nations Sustainable Development goals,” he said. The Central Park, managed by IOIPG is open to the public, residents and visitors without charge. IOI Resort City that spans 318.89 ha is IOI Properties Group’s flagship township development Putrajaya. Its latest residential offering, GEMS Residence, includes 676 condominium units developed with Mitsubishi Estate Residence to blend lifestyle living with community-based care. — BERNAMA