KUALA LUMPUR: Taraf Raya Sdn Bhd has inked a memorandum of understanding (MoU) with Malaysia Rail Link Sdn Bhd (MRL) and China Communications Construction (ECRL) Sdn Bhd (CCC) to explore prospective collaboration in the East Coast Rail Link (ECRL) project in Pahang.
Both MRL and CCC have engaged the state government to ensure 40% of civil works for the projects, excluding tunnel works, will be carried out by local sub-contractors.
Taraf Raya is a 70:30 joint venture company between Perbadanan Kemajuan Negeri Pahang (PKNP) and Landasan Surimas Sdn Bhd.
The latter is a 40% associate company of Kirana Masyhur Sdn Bhd, a wholly-owned subsidiary of OCR Group Bhd
The Mate @ Damansara Jaya, an integrated signature suites development by OCR Group Bhd, will offer 268 signature suites, four retail units on the ground floor and a co-working and co-living component on Level 6, and have a gross development value (GDV) of RM140 million.
Situated behind 3 Damansara Shopping Mall (previously known as Tropicana City Mall) on Jalan SS20/27 in Petaling Jaya, the project, developed by the group’s wholly-owned subsidiary OCR Construction Sdn Bhd, occupies a 1.01-acre freehold parcel.
OCR Group’s managing director Billy Ong Kah Hoe tells City & Country via an email interview that the company is introducing the co-living and co-working concept at the development, owing to demand for short-term accommodation as well as for flexible office space in a good location. “The Mate, being centrally located in the heart of Petaling Jaya, is an ideal location for young professionals and entrepreneurs who are just starting out, as well as for students and interns