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News & Events

[ 14-07-2015 ]
Strong Interest From Local Firms, Global Players In Bandar Malaysia Project
KUALA LUMPUR, July 13 (Bernama) -- Strong interest to participate in the Bandar Malaysia project has been rceived from both local companies and global players, says CH Williams Talhar and Wong (WTW).

WTW, the transaction advisor for the Bandar Malaysia's request for proposal exercise, said today 40 parties, including some consortiums, have answered the project's call for expression of interest (EOI), which ended on July 10.

In a statement, it said among interested investors are government-linked companies (GLCs), top Malaysian developers, world-class property brands, as well as foreign state investment corporations.

"Apart from Malaysia, interested investors are also from Singapore, China, Japan, Korea and Australia," WTW said.

1MDB Real Estate Sdn Bhd, as the project's master developer, announced last month that it is seeking development partners to participate in the 196.67-hectare project in Sungai Besi, Kuala Lumpur.

Following the EOI stage, WTW will undertake the first stage of evaluation, it said.

"Shortlisted pre-qualified investors will then receive the investment memorandum that will detail Bandar Malaysia's development vision and its proposed master plan," it added.

Bandar Malaysia will be a mixed-use urban development that is expected to serve as a catalyst for the transformation of Greater Kuala Lumpur.

Strategically located within seven kilometres of Kuala Lumpur City Centre (KLCC), the development will serve as Kuala Lumpur's gateway for the high-speed rail line to Singapore and become a central transport hub in the city via Mass Rapid Transit (MRT) lines 2 and 3, KTM Komuter, Express Rail Link (ERL) and future access to major highway networks.

-- BERNAMA