logo
J. Satine Project To Resume for Soho Units And Two Blocks

J. Satine Project To Resume for Soho Units And Two Blocks

Barnama21-04-2025

GENERAL
KUALA LUMPUR, April 21 (Bernama) – The J. Satine development project, previously halted due to structural cracks in Block C, has been approved to resume for the SOHO units, as well as Blocks A and B.
Kuala Lumpur City Hall (DBKL) in a statement said the decision followed the Independent Check Consultant Progress Report dated February 24, prepared by a Certified Professional Engineer.
However, Blocks C and D must first undergo structural repairs and foundation reinforcement before construction on those buildings can continue.
'This recommendation has been supported by the independent engineer and certified for building safety and stability by the structural design engineers involved in the J. Satine development,' the statement said.
DBKL has also required the project's consulting engineers to submit a Monthly Progress Report and Repair Completion Report, which must be reviewed and verified by the Independent Consultant, at the end of each month.
In addition, the developer, Jayyid Land Sdn. Bhd., has been instructed to conduct an engagement session with J. Satine unit buyers and relevant agencies including the Office of the Member of Parliament for Wangsa Maju, the Federal Territories Department, and the National Housing Department within two weeks from the issuance date of the Stop Work Order Withdrawal Letter.
'DBKL is committed to ensuring that all actions taken regarding the J. Satine development are guided by the principles of accountability, safety, transparency, and integrity.
'DBKL will also continue to monitor the implementation of repairs and the progress of the project closely and responsibly, in the interest of all stakeholders,' the statement added.
Previously, DBKL issued a stop-work order for a construction site in Wangsa Maju following structural cracks in Block C of the J. Satine project.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ringgit opens lower vs greenback amid challenging global economy
Ringgit opens lower vs greenback amid challenging global economy

Malaysian Reserve

time4 hours ago

  • Malaysian Reserve

Ringgit opens lower vs greenback amid challenging global economy

THE ringgit opened lower against the US dollar on Monday as the greenback strengthened amid renewed volatility from a challenging global economy outlook for the second half of 2025. At 8.03 am, the local note stood at 4.2375/2560 against the greenback, easing from Friday's close of 4.2270/2360. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit is expected to range between 4.23 and 4.24 today, following the stronger-than-expected United States (US) nonfarm payroll (NFP) data for May. He highlighted that the US NFP rose 139,000 in May, higher than the consensus estimate of 126,000, while the unemployment rate was sustained at 4.2 per cent for three consecutive months, pushing the US dollar index (DXY) higher on Friday to 99.190 points. 'The latest NFP print seems to suggest that the labour market in the US is still fairly resilient despite having to contend with higher tariffs,' he told Bernama. Nonetheless, Mohd Afzanizam said, April's NFP was revised lower to 147,000 from 177,000, and the US labour force participation rate declined to 62.4 per cent in May from 62.6 per cent in April. 'On that note, while the labour market is still chugging along, signs of further moderation in the data series have been gradually emerging. 'As business and consumer sentiments remain weak, the outlook for the second half of 2025 economy looks increasingly challenging. Hence, the case for a lower US Federal Fund Rate is gaining momentum in our view,' he added. He noted that the ringgit has gained against the greenback, with USDMYR closing at 4.2315, giving a week-on-week appreciation of 0.6 per cent last week. At the early session, the ringgit traded mostly lower against a basket of major currencies. It slightly increased against the Japanese yen to 2.9305/9435 from Friday's 2.9324/9390, but depreciated versus the British pound to 5.7367/7618 from 5.7212/7334 and eased vis-a-vis the euro to 4.8341/8552 from 4.8268/8371. The local currency also traded mostly lower against most of its ASEAN peers. It rose versus the Thai baht to 12.9468/13.0121 from 12.9599/9947 at Friday's close, while the ringgit decreased against the Singapore dollar to 3.2892/3041 from 3.2862/2934, dropped against the Philippine peso to 7.60/7.64 from 7.58/7.60 and fell against the Indonesian rupiah to 260.1/261.4 from 259.5/260.2. — BERNAMA

Ringgit opens lower vs greenback amid challenging global economy
Ringgit opens lower vs greenback amid challenging global economy

The Star

time4 hours ago

  • The Star

Ringgit opens lower vs greenback amid challenging global economy

KUALA LUMPUR: The ringgit opened lower against the US dollar on Monday as the greenback strengthened amid renewed volatility from a challenging global economy outlook for the second half of 2025. At 8.03 am, the local note stood at 4.2375/2560 against the greenback, easing from Friday's close of 4.2270/2360. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit is expected to range between 4.23 and 4.24 today, following the stronger-than-expected United States (US) nonfarm payroll (NFP) data for May. He highlighted that the US NFP rose 139,000 in May, higher than the consensus estimate of 126,000, while the unemployment rate was sustained at 4.2 per cent for three consecutive months, pushing the US dollar index (DXY) higher on Friday to 99.190 points. "The latest NFP print seems to suggest that the labour market in the US is still fairly resilient despite having to contend with higher tariffs,' he told Bernama. Nonetheless, Mohd Afzanizam said, April's NFP was revised lower to 147,000 from 177,000, and the US labour force participation rate declined to 62.4 per cent in May from 62.6 per cent in April. "On that note, while the labour market is still chugging along, signs of further moderation in the data series have been gradually emerging. "As business and consumer sentiments remain weak, the outlook for the second half of 2025 economy looks increasingly challenging. Hence, the case for a lower US Federal Fund Rate is gaining momentum in our view,' he added. He noted that the ringgit has gained against the greenback, with USDMYR closing at 4.2315, giving a week-on-week appreciation of 0.6 per cent last week. At the early session, the ringgit traded mostly lower against a basket of major currencies. It slightly increased against the Japanese yen to 2.9305/9435 from Friday's 2.9324/9390, but depreciated versus the British pound to 5.7367/7618 from 5.7212/7334 and eased vis-a-vis the euro to 4.8341/8552 from 4.8268/8371. The local currency also traded mostly lower against most of its ASEAN peers. It rose versus the Thai baht to 12.9468/13.0121 from 12.9599/9947 at Friday's close, while the ringgit decreased against the Singapore dollar to 3.2892/3041 from 3.2862/2934, dropped against the Philippine peso to 7.60/7.64 from 7.58/7.60 and fell against the Indonesian rupiah to 260.1/261.4 from 259.5/260.2. - Bernama

Ringgit opens lower vs greenback amid challenging global economy
Ringgit opens lower vs greenback amid challenging global economy

The Sun

time5 hours ago

  • The Sun

Ringgit opens lower vs greenback amid challenging global economy

KUALA LUMPUR: The ringgit opened lower against the US dollar on Monday as the greenback strengthened amid renewed volatility from a challenging global economy outlook for the second half of 2025. At 8.03 am, the local note stood at 4.2375/2560 against the greenback, easing from Friday's close of 4.2270/2360. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the ringgit is expected to range between 4.23 and 4.24 today, following the stronger-than-expected United States (US) nonfarm payroll (NFP) data for May. He highlighted that the US NFP rose 139,000 in May, higher than the consensus estimate of 126,000, while the unemployment rate was sustained at 4.2 per cent for three consecutive months, pushing the US dollar index (DXY) higher on Friday to 99.190 points. 'The latest NFP print seems to suggest that the labour market in the US is still fairly resilient despite having to contend with higher tariffs,' he told Bernama. Nonetheless, Mohd Afzanizam said, April's NFP was revised lower to 147,000 from 177,000, and the US labour force participation rate declined to 62.4 per cent in May from 62.6 per cent in April. 'On that note, while the labour market is still chugging along, signs of further moderation in the data series have been gradually emerging. 'As business and consumer sentiments remain weak, the outlook for the second half of 2025 economy looks increasingly challenging. Hence, the case for a lower US Federal Fund Rate is gaining momentum in our view,' he added. He noted that the ringgit has gained against the greenback, with USDMYR closing at 4.2315, giving a week-on-week appreciation of 0.6 per cent last week. At the early session, the ringgit traded mostly lower against a basket of major currencies. It slightly increased against the Japanese yen to 2.9305/9435 from Friday's 2.9324/9390, but depreciated versus the British pound to 5.7367/7618 from 5.7212/7334 and eased vis-a-vis the euro to 4.8341/8552 from 4.8268/8371. The local currency also traded mostly lower against most of its ASEAN peers. It rose versus the Thai baht to 12.9468/13.0121 from 12.9599/9947 at Friday's close, while the ringgit decreased against the Singapore dollar to 3.2892/3041 from 3.2862/2934, dropped against the Philippine peso to 7.60/7.64 from 7.58/7.60 and fell against the Indonesian rupiah to 260.1/261.4 from 259.5/260.2.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store