New interest from Qatar-backed firm for Bandar Malaysia 1MDB project

1MDB Real Estate Sdn Bhd (1MDB RE), the master developer of Bandar Malaysia, announced last week that it had narrowed down the final two binding and funded bids for the stake in the company that owns 486 acres located 3km from the Tun Razak Exchange (TRX) site in Kuala Lumpur. It is believed that the highest bid came from Tan Sri Lim Kang Hoo

PETALING JAYA: The race for a majority stake in Bandar Malaysia, the property redevelopment project by 1Malaysia Development Bhd (1MDB) in Sungai Besi, may develop into a three-way fight.

Sources said a third bidder comprising a local company backed by the Qatar government’s investment arm had expressed strong interest in the project.