3 Major Partnerships For Affordable And Better Living

By: Fahri Ahmed
24th Mar 2022
Property News

2022 has seen multiple collaborations and partnerships in the real estate and construction industry as the country is set to revive its economy. As such, companies are collaborating with new and exciting plans to develop the country’s transportation, construction and real estate industry.

Here are 3 major partnerships introduced in March and April 2022 for an affordable and better lifestyle for Malaysians:

  1. DBKL and MRT Corp signed an MOU to build Kuala Lumpur into a ‘City for All’

    Mass Rapid Transit Corp Sdn Bhd (MRT Corp) signed a memorandum of understanding (MOU) with Kuala Lumpur City Hall (DKBL) on 5 April 2022. The MOU was about developing the federal city into a ‘City for All’ to offer fluent mobility to its residents.

    The MOU was signed by Datuk Seri Mahadi Che Ngah, the City Mayor of Kuala Lumpur and Datuk Mohd Zarif Hashim, the chief executive officer of MRT Corp.

    The initiative aligns with Kuala Lumpur Structure Plan 2040 (PSKL2040). The project will implement a high capacity Mass Rapid Transit 3 (MRT 3) Circle Line project to close the gap of public transport shortage in Kuala Lumpur.

    Addressing the reporters after the signing ceremony, Mahadi stated that DBKL will assist MRT Corp with the planning, issuing of applications, permit approvals and construction of MRT3 so that it can be completed by the estimated due date, 2030.

    ‘DBKL does not want any problem which could hamper the MRT3 construction, and we hope that this project could be completed as scheduled,’ he added.

  2. REHDA collaborates with CIOB to elevate the property and construction industry performance

    The Real Estate and Housing Developers Association (REHDA) signed a memorandum of understanding (MOU) with the UK based Chartered Institute of Building (CIOB) in a virtual ceremony on 30 March 2022. The collaboration is aimed to exchange each other’s expertise in property development and the construction industry.

    Both parties agree to maximise their resources, linkage and network to enhance the profile of professional management in construction. They believe sharing their education, training and promotional experience in this regard can benefit elevating the construction industry, its clients and the society at large.

    Caroline Gumble, the chief executive officer of CIOB, says, ‘As a collaboration between two organisations with shared goals, we can do a great deal to improve the built environment for its creators and its users, driving up standards and promoting professional development and educational opportunities.’

    In the past, CIOB has worked with Master Builders Association and many educational institutes in Malaysia, such as Heriot-Watt University, to enhance their developments. CIOB offered their input on the latest news and development on industry issues, which introduced best practices in the built environment for those projects.

    Datuk Seri Michael Yam, former president of REHDA and CIOB UK’s senior vice president, says, ‘I am absolutely delighted that today’s MOU signing between two strong forces has come to fruition, with the objectives of promotion and the dissemination of science and technology of building, and sharing those findings and knowledge to the public.’

  3. IKEA Malaysia partners with Livspace to provide a one-stop interior design solution at an affordable price

    IKEA Malaysia and Livspace have partnered to provide one-stop solutions for interior design, home furnishings, and installation services at an affordable price. Livspace is an omnichannel interior and renovation platform that originated in India with headquarters in Singapore.

    The companies make a convenient collaboration for customers who wish to refurbish their homes and do installation work with personalised designs. The one-stop solutions are to serve all kinds of themes, be it rustic, modern or classic, to turn customers’ dream homes into reality. The companies’ key selling point for this new venture is transparent costing, timely deliveries and customised orders at a budget price for their clients.

    In a press statement on 30 March 2022, Gerard Jansen, the retail director of Malaysia IKEA Southeast Asia, stated, ‘Our vision of creating a better everyday life for everyone with our affordable solutions, complemented with Livspace’s expertise in interior design, provides homeowners with a hassle-free experience to reimagine their dream spaces.’

To know more about such exciting partnerships in the real estate and construction industry, stay tuned to the Guyub news portal.

Browse other news