KUALA LUMPUR: The Bandar Malaysia development plan is being reviewed before it will be submitted to Kuala Lumpur City Hall (DBKL), says Prime Minister Datuk Seri Anwar Ibrahim.
Anwar, who is also the Finance Minister, said the review was necessary to incorporate feedback and various stakeholder perspectives to ensure that the development achieves its objectives.
ALSO READ: Plan to rent out Bandar Malaysia land
"Given that Bandar Malaysia is one of the largest remaining government-owned plots of land in the heart of Kuala Lumpur, this review is crucial to ensure that its development contributes significantly to the city's economy," he said in a parliamentary written reply Tuesday (Dec 3).
Fong Kui Lun (PH-Bukit Bintang) had asked the Finance Ministry for updates on the project and if it was progressing according to plan.
Anwar stressed that the development of Bandar Malaysia must adhere to the principles of responsible development, balancing the ecosystem while providing affordable housing for the people.
ALSO READ: Bandar Malaysia takeover set to benefit the people, says don
"The first phase of commercialisation for the Bandar Malaysia project is also being planned, subject to market conditions and investor readiness," he added.
Bandar Malaysia, located on the former Kuala Lumpur Air Base site in Sungai Besi, is projected to have a gross development value of RM140bil.
ALSO READ: Hiatus for Bandar Malaysia project
The 196ha project faced multiple delays before being postponed indefinitely in 2021 when agreements with the consortium IWH-CREC fell through.
Under Budget 2025, Anwar had announced that 20.23ha within the Bandar Malaysia area would be gazetted as Malay reserve land.
