TRX land parcels all sold, mostly bought by foreigners


PETALING JAYA: All parcels of land for Stage 1 of the 28.3ha mixed development at the RM18bil Tun Razak Exchange (TRX) have been sold to investors, with master developer 1Malaysia Development Bhd (1MDB) retaining about five parcels for itself, said sources.

A source said that the majority of investors who took up the parcels of land were foreigners.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , 1MDB , TRX , RE

Next In Business News

Building for tomorrow
Common property: Who owns what?
Tightening fire safety in residential properties
Malaysia Airlines staff named best in Asia, cabin crew at global 3rd place
AI safety takes centre stage
Aijek’s sustainable second act
Where innovation meets tradition
Miniso helps rewrite toy sector story
Gulf IPO boom fizzles
The bond conundrum

Others Also Read