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Nation

Rescue Bandar Malaysia or face fallout

PETALING JAYA: The news on Wed­nesday that the Finance Minis­try (MoF) has called off a deal to sell 60% of Bandar Malaysia – a mega property development project estimated to have a gross development value of RM160bil when completed in 20 years – has sent shockwaves through the country and the region.

Business

Tussle for Bandar Malaysia

A group backed by a Chinese company has placed a deposit for Bandar Malaysia. But will it have to contend with a proposal from a Qatar group?

Business

New interest from Qatar-backed firm for Bandar Malaysia 1MDB project

PETALING JAYA: The race for a majority stake in Bandar Malaysia, the property redevelopment project by 1Malaysia Development Bhd (1MDB) in Sungai Besi, may develop into a three-way fight. Sources said a third bidder comprising a local company backed by the Qatar government’s investment arm had expressed strong interest in the project.

Business

Bandar Malaysia – a guessing game

PETALING JAYA: There was confusion when it came to the play of stocks tied to Bandar Malaysia in yesterday afternoon’s trading session.

Business

CIMB Research: Building material companies to gain from Bandar Malaysia

KUALA LUMPUR: CIMB Equities Research is maintaining its underweight for the construction sector on news the government decided to reinstate the Bandar Malaysia project, which was abruptly terminated in May 2017.

Business

Bandar Malaysia, a catalyst for economic growth

KUALA LUMPUR: The Bandar Malaysia project, which will be developed under the public-private partnership (PPP) model with an estimated cumulative gross development value of RM150bil, has the potential to be a catalyst for future economic growth, said master developer TRX City Sdn Bhd.

Business

CIMB: Bandar Malaysia jobs worth up to RM50bil

PETALING JAYA: Opportunities for construction and infrastructure works worth up to RM50bil are up for grabs, as Bandar Malaysia plans to roll out the transit-oriented development (TOD) and launch project tenders in 2017, according to CIMB Research.

Business

Bandar Malaysia JV secures funding

KUALA LUMPUR: The Bandar Malaysia Fund will accelerate the development of the major city centre project, which has a gross development value of RM200bil and will be built over 15 to 25 years, according to Iskandar Waterfront Holdings Sdn Bhd (IWH) group executive vice-chairman Tan Sri Lim Kang Hoo.

Business

1MDB Real Estate gets planning nod for Bandar Malaysia development

PETALING JAYA: 1MDB Real Estate Sdn Bhd (1MDB RE) has received the planning approval for its Bandar Malaysia development in Sungai Besi from Dewan Bandaraya Kuala Lumpur.

Nation

Termination of previous Bandar Malaysia agreement final, says Najib

PUTRAJAYA: A new master developer will take over Bandar Malaysia and the termination of the previous agreement is final.