When will preferred bidders for Bandar Malaysia be selected?

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Preferred Bidders for Bandar Malaysia Expected to Be Selected by Year-End

1MDB Real Estate Sdn Bhd (1MDB RE) is anticipating the selection of preferred bidders for its Bandar Malaysia project by the close of the year. This follows the company's receipt of planning approval from Kuala Lumpur City Hall for the mixed-used urban development in Sungai Besi.
Planning Approval Secured

1MDB RE has obtained the necessary planning approval from Kuala Lumpur City Hall for the Bandar Malaysia development. This approval clarifies the project's value proposition and marks a significant step towards establishing Bandar Malaysia as the nation's premier transit-oriented development.
Proposals Expected Soon

The company has expressed confidence in receiving final and binding proposals within the next two weeks. This timeline is crucial for the subsequent stages of partner selection and documentation finalisation.
Definitive Documentation to Follow

Following the selection of preferred bidders, 1MDB RE aims to execute definitive documentation before the end of the current year. This process is part of the ongoing commercialisation of Bandar Malaysia, which is integrated into 1MDB's broader rationalisation plan.
Shortlisted Development Partners

Previously, four bidders, comprising both domestic and international property specialists, were shortlisted. These entities are currently undertaking detailed due diligence to formalise their roles as development partners in the ambitious Bandar Malaysia project.

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When will preferred bidders for Bandar Malaysia be selected?

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