news

MRCB looking overseas to emulate KL Sentral CBD project

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) is willing to emulate the construction of the Kuala Lumpur Sentral Business District, which is now 90% complete, in other countries.

The Kuala Lumpur Sentral Business District (KL Sentral CBD) comprising Sentral station, corporate office towers, business suites, five-star international hotels, luxury condominiums and a shopping mall, is expected to be completed by 2017.

Group managing director Datuk Mohamad Salim Fateh Din said the group is in talks with several countries to share its success in developing the business district.

“We will share our success with any country. If Pakistan comes and offers us, we will definitely go and share [our expertise],” he told reporters after the visit of Pakistan High Commissioner Shahid Masroor Gul Kiani to KL Sentral station yesterday.

Asked whether the group would partner local players in the respective countries to undertake similar projects, Mohamad Salim said it would depend on  the terms and conditions imposed by their governments.

“The concept will definitely work because it is an urban generation concept,” he said.

Shahid Masroor said the concept of KL Sentral CBD could be emulated in Karachi, Islamabad, and Lahore on a small scale.

Mohamad Salim said MRCB is planning to develop a piece of land in the vicinity of KL Sentral CBD which would have a gross floor area of four million sq ft.  

“It is the last piece of land left for high-value development in the area. MRCB wants to offer a development which is relevant to the market and the public,” he said.  

The development will take place next year once the concept is firmed up, Mohamad Salim said. — Bernama


This article first appeared in The Edge Financial Daily, on November 13, 2013.

 

Looking for properties to buy or rent? With >150,000 exclusive listings, including undervalued properties, from vetted Pro Agents, you can now easily find the right property on Malaysia's leading property portal EdgeProp! You can also get free past transacted data and use our proprietary Edge Reference Price tool, to make an informed purchase.
SHARE