M101 appoints CRCC as main contractor for skywheel project

M101 Skywheel Design Suites designed by Studio F. A. Porsche.

KUALA LUMPUR: M101 Holdings Sdn Bhd has appointed China Railway Construction Corp Malaysia Bhd (CRCC) as the main contractor for the development of M101 Skywheel, which has an estimated gross development value of RM2.2bil.

In a statement yesterday, the company said M101 Skywheel, a project designed by Studio FA Porsche, is headed for completion by 2021 and well on its way to becoming Malaysia’s next iconic landmark.

M101 chief executive officer Datuk Seth Yap said that with CRCC’s diverse and close to seven decades of experience, M101 was confident that Skywheel is in good hands.

The 78-storey M101 Skywheel is strategically located in the heart of the Kuala Lumpur City Centre, giving the iconic development an unobscured view of the Kuala Lumpur City skyline.

It claims to be the world’s first integrated development designed by Studio FA Porsche, first in the world with Sky Ferries Wheel on the 53rd floor with the highest vantage point of 220m above the ground, world’s first highest shopping experience with a SkyMall that extends from the 50th to 52nd level with over 200,000 sq ft of retail space and first in Asia with Planet Hollywood Hotel.

“M101 is championing property tourism as our core business strategy. Instead of building just another integrated development, we are building a branded development that fits the market’s needs and further elevate Malaysia’s tourism industry.

“We have launched the project in Hong Kong, Taiwan, Indonesia, Singapore, China, Japan, South Korea, the Philippines, Brunei, Sri Lanka, and Bangladesh, and are pleased to announce that it has been very well-received,” Yap said. — Bernama