The 483-acre Bandar Malaysia project (located on the site of the former Sungai Besi Air Force base) is estimated to generate RM140bil in gross development value (GDV) while attracting foreign direct investments.
Conspiciously missing from the revival of the Bandar Malaysia property development fanfare is the role of the Ministry of Finance.
From the government side, the key persons are Economic Affairs Minister Datuk Seri Azmin Ali and Prime Minister Tun Dr Mahathir Mohamad. Azmin signed the framework agreement for the reinstatement of Bandar Malaysia while Dr Mahathir made the announcement last week.
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