What is the total valuation of the Bandar Malaysia land deal?

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The total valuation of the Bandar Malaysia land deal is RM12.35 billion.

The deal involves IWH-CREC acquiring a 60 per cent equity stake in Bandar Malaysia Sdn Bhd (BMSB), the project's master developer. This acquisition is based on a land valuation of RM12.35 billion. IWH-CREC is a consortium formed by Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CRECM).
Stake Acquisition and Payment Terms

IWH-CREC is purchasing the 60 per cent stake in BMSB from TRX City Sdn Bhd (TRXC), which is a wholly-owned subsidiary of Minister of Finance (Inc). The payment structure for this stake has been revised, with staggered payment terms shortened from seven years to three years, benefiting the Malaysian government.
Additional Financial Commitments

Beyond the initial deposit of RM741 million, IWH-CREC is also making an additional advance payment of RM500 million. These financial commitments are part of the revived deal for the development of Bandar Malaysia, a significant project situated on the former Royal Malaysian Air Force base site on Jalan Sungai Besi.
Project Reinstatement and Key Figures

The project's reinstatement was officially approved by the Malaysian government in April 2019, with the signing of the Reinstatement of Bandar Malaysia Framework Agreement. The ceremony for the development deal was witnessed by Prime Minister Tun Dr Mahathir Mohamad, alongside Finance Minister Lim Guan Eng, China's Ambassador to Malaysia Bai Tian, and President of China Railway Group Ltd Chen Yun.

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What is the total valuation of the Bandar Malaysia land deal?

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