Bandar Malaysia Deal Boost For Property Market

PETALING JAYA, Dec 5: The recent sale of a 60% stake in Bandar Malaysia to a Malaysia-China consortium is a boost for local property market sentiment in the new year, with significant positive implications, according to AmResearch.

On Dec 31, 2015, 1Malaysia Development Bhd announced that Iskandar Waterfront Holdings Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC)’s RM7.4 billion bid for the stake in Bandar Malaysia came out tops of a bidding process which closed on Nov 9, 2015.

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