PETALING JAYA: TechnoDex Bhd has secured an RM11.5mil contract from Knowledge Base Sdn Bhd to develop a property information management system for the Finance Ministry’s Valuation and Property Services Department. TechnoDex said on Monday the system would provide comprehensive information on Malaysia’s property sector, including supply and demand, market reports and other data to government agencies, property developer via the Internet. The project would be implemented in two phases and it is expected to be completed by May next year. TechnoDex chief executive officer Nigel Lee said the contract would enhance its reputation among government agencies and improve its credentials in bidding for more projects in the private and public sectors. The property information management system would serve as a centre for collecting property data and generate reports including property stock, market status, transactions and rental overview. It would also feature a geographical information system. On TechnoDex’s plan, Lee said the company would also bid for the maintenance and upgrading of the system. “Going forward, we will continue tapping into the growing demand for eBusiness solutions from the private and government sectors, as more organisations realise the benefits in cutting cost and improving productivity,” he said.
(The Star 24-3-2008)
