KUALA LUMPUR: It’s all systems go for Bandar Malaysia with the settlement of the deposit for the mega-project by master developer IWH-CREC Sdn Bhd.
The payment of the remaining 8% of the deposit, or RM592.8mil, and a RM500mil advance to TRX City Sdn Bhd for a 60% stake in the project has unlocked the next stage, which is the commencement of the project development.
The first pile for the project is expected to kick off early next year for the first 20.23ha, which IWH-CREC is targeting to finish in four years.
...