Who initiated the decision to sell the Hong Kong consulate property?

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The Previous Barisan Nasional Government Initiated the Sale of the Hong Kong Consulate Property

The decision to sell the Malaysian consulate's property in Hong Kong was initially made by the previous Barisan Nasional (BN) government. This move was decided upon by former Prime Minister Datuk Seri Najib Razak, who chose to proceed with the sale via direct negotiation. The property, a 28-storey building on Gloucester Road housing the Consulate-General and other Malaysian government agencies, was slated for sale with an initial offer of RM1.1 billion.
Direct Negotiation Under BN Government

Under the leadership of Datuk Seri Najib Razak, the BN government initiated the process to sell the Malaysian consulate property in Hong Kong. The decision was reportedly influenced by the significant repair costs estimated at RM300 million for the building. This led to the acceptance of an offer amounting to RM1.1 billion, which was pursued through direct negotiation.
Pakatan Harapan Government Reviewed and Tendered the Sale

Following the change in government, the Pakatan Harapan (PH) administration reviewed the prior decision. Instead of proceeding with the direct negotiation, the PH government opted to open a tender process for the sale of the Hong Kong property. This approach aimed to secure a more favourable offer for the asset.
Higher Offer Secured Through Tender

The tender process initiated by the Pakatan Harapan government resulted in a significantly higher offer for the consulate building. The offer secured was RM1.6 billion, which represented an increase of RM500 million compared to the RM1.1 billion offer initially pursued by the BN administration. This outcome highlighted the benefits of the open tender system.

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Who initiated the decision to sell the Hong Kong consulate property?

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