1MDB RE seeks proposals to develop Bandar Malaysia

KUALA LUMPUR: 1MDB Real Estate Sdn Bhd (1MDB RE) is requesting proposals on how to best develop the upcoming Bandar Malaysia in the Sungai Besi area.

In a statement yesterday, 1MDB RE said this was the next move following the presentation of the 1MDB rationalisation plan to the Cabinet last month.

“The company is pleased to have begun making progress towards its implementation,” said 1MDB RE, which added that it would make the grand announcement in major newspapers this week as it sought expressions of interest for the 197ha site, which currently houses the Sungai Besi airfield.

1MDB RE, as the master developer of Bandar Malaysia, said it was looking for development partners.

The closing date for submissions of expressions of interest is July 10, with CH Williams Talhar & Wong acting as the real estate advisor and exercise manager.

The development, which is located seven kilometres from KLCC, is intended to transform the area into an integrated transport hub in the city via two MRT lines (Lines 2 and 3), KTM Komuter, the Express Rail Link to KLIA and KLIA2, as well as future access to 12 major highways.

A wholly-owned subsidiary of 1MDB, 1MDB RE is also the developer of the upcoming Tun Razak Exchange.