Tuesday 29 March 2016

End of a 20-year wait

The development of 19.4 acres touted as Kuala Lumpur’s last major strategic parcel of land will finally take off in June this year after a 20-year wait.

The first phase of the RM8.7bil mixed development Bukit Bintang City Centre (BBCC) will kick off by the middle of the year, following the securing of partnerships with Japanese retail property developer Mitsui Fudosan (Asia) Pte Ltd and Zepp Hall Network Inc, a unit of Sony Music Entertainment (Japan) Inc.

The development on the former Pudu prison site, which the Urban Development Authority (UDA) had taken over in 1996 but could not develop due to huge financial demands, will commence with the launch of a 45-storey block of strata offices and two blocks of serviced residences. The serviced apartments will comprise 680 entry-level units sized 450 sq ft upwards.

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