RM1.1bil GDV seen

KUALA LUMPUR: Analysts have estimated that the high-rise mixed development to be built under an agreement between UEM Sunrise Bhd and Telekom Malaysia Bhd (TM) will have an estimated gross development value (GDV) of about RM1.1bil.

AmInvestment Bank Research said the GDV assumption was made based on a plot ratio of 10x, market value of RM2,500 psf and an efficiency ratio of 60%.