THE fight for what is possibly the most valuable piece of development land in Kuala Lumpur had attracted top local and international names but is ending as a tussle between two big local property tycoons, respectively backed by two rising powers of the East – the Chinese and the Arabs.
Insiders reckon that inching closer to winning the bid to buy 60% interest in Bandar Malaysia Sdn Bhd (BMSB), which is the project owner and a wholly owned subsidiary of 1MDB Real Estate Sdn Bhd (1MDB RE), is Tan Sri Lim Kang Hoo together with his partner CREC. The party trying to outbid Kang Hoo is believed to be a Qatari state-backed consortium. It was reported that this group comprised a local company belonging to property baron Tan Sri Desmond Lim of the Pavilion/Malton group and a Qatar investment company.
Bandar Malaysia is a 486-acre redevelopment project at the old airport site in Sungai Besi.
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Insiders reckon that inching closer to winning the bid to buy 60% interest in Bandar Malaysia Sdn Bhd (BMSB), which is the project owner and a wholly owned subsidiary of 1MDB Real Estate Sdn Bhd (1MDB RE), is Tan Sri Lim Kang Hoo together with his partner CREC. The party trying to outbid Kang Hoo is believed to be a Qatari state-backed consortium. It was reported that this group comprised a local company belonging to property baron Tan Sri Desmond Lim of the Pavilion/Malton group and a Qatar investment company.
Bandar Malaysia is a 486-acre redevelopment project at the old airport site in Sungai Besi.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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