When the pandemic hit in 2020, the construction industry took one of the biggest blows. The movement restrictions imposed by the Government to curb the pandemic stopped their wheels on track. Foreign labourers could not enter the country. Sites were shut down for months in fear of spreading Covid. In 2021, the Government slowly eased up the border closures and movement control orders to revitalise the economy. With that, the construction industry also set sail with some big projects.
Here are the top 5 construction projects that launched in Q3 2021:
1. Bintulu Methanol Plant
As per Dayak Daily, RM 3.7 billion was invested to build a methanol plant in Bintulu, positioning it as a petrochemical hub. The project stretched upon 40.40 hectares of land to build a plant that has a capacity of 1.7 million tonnes per annum.
The project intends to produce methanol for supply to Petronas. They aim to produce methanol of 140 million standard cubic feet per day with natural gas as feedstock. Starting construction in Q3 2021, it is expected to be ready for operation by Q4 2023.
2. Centro at JBCC
Another top construction project that took place in the last leg of 2021 was a 35-storey tower in Johor, Malaysia. Laying upon 1.9 hectares of land, the project will comprise 2,432 units of residential houses.
It is expected to be a highly demanding project as the SOHO and serviced apartments and offices with major amenities and modern infrastructure will be the newest addition to residential and office facilities in the region.
According to Centro’s official website, the price of the residential units of Centro will start as low as RM 145,000. Being just a 3-minute drive away from Johor Bahru CIQ and Future RTS train station to Singapore, the building is located strategically.
With an investment of $200 million, the construction work for the project already started in Q3 2021 and is expected to be finished by Q2 2024.
3. Multilayer Ceramic Capacitor Manufacturing Plant in Kuching
Kuching’s Multilayer Ceramic Capacitor Manufacturing Plant is an expansion venture by Taiyo Yuden (Sarawak), a subsidiary of Japan’s Taiyo Yuden Co Ltd. RM 680 million is invested in the plant to cater to the expansion of the manufacturing hub of ceramic capacitors for the company.
The facility will stretch upon 36,500 square metres over 3.65 hectares of land to fulfil the increasing demand for multilayer ceramic capacitors. The project will use high-tech equipment and state-of-the-art features to make a modern-day facility. It will support high energy conservation by incorporating a solar-powered roof to align with Environmental, Social, and Governance (ESG) goals.
According to Free Malaysia Today (FMT), occupying a prime location in Kuching, Sarawak, the facility expects to create over 2,000 job opportunities. The work for this construction project started in Q3 2021 and is set to complete within Q1 2023.
4. Glove Manufacturing Plant in PIC, Johor
This is another top construction project that took place in Johor in Q3 2021. This is a joint collaboration by Petronas Chemicals Group Bhd (PetChem) and LG Chem Ltd to build a nitrile butadiene latex (NBL) glove manufacturing plant in the southern state of Johor.
As per reports by New Straits Times (NST), the $150 million worth project will have an initial production capacity of 200,000 tonnes of gloves per year. Located in Pengerang Integrated Complex (PIC) in Johor, the construction of the plant is expected to be completed and start operation by Q4 2023.
5. ALIX Residences in Dutamas
ALIX Residences is a one-of-a-kind development, winning the Best Residential Development in the Asia Pacific region by the prestigious International Property Awards 2020-2021. Stretching upon 3.9 hectares of land, this is a 35-storey building comprising 364 units including penthouse suites.
As per StarProperty, the luxury condominium is strategically located in Dutamas, Kuala Lumpur, just five minutes away from Jalan Segambut. It has ample amenities and in-house facilities as well as easy accessibility via North-South Expressway, SPRINT Expressway, and Duta-Ulu Kelang Expressway.
The $123 million worth project is developed by Orchard Park Sdn Bhd to facilitate the growing demand for luxury residential accommodation in the region. Expected to be completed by 2023, the price range for the units is expected to be between RM 666 to RM 799.
