Traffic passes a 1Malaysia Development Berhad (1MDB) billboard at the Tun Razak Exchange development in Kuala Lumpur. REUTERS
PETALING JAYA: The whopping RM7.41bil price tag for the sale of 1Malaysia Development Bhd’s (1MDB) 60% stake in Bandar Malaysia is considered reasonable, based on the valuation of surrounding plots of land within the vicinity.
In a research report, UOB Kay Hian Malaysia Research said the price paid by the purchasing consortium was “fair” given the asking prices for land in the surrounding and more developed areas ranged between RM350 per sq ft and RM650 per sq ft, particularly within the Taman Desa and Seputeh areas.
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