The request for proposal (RFP) documents have been made available to property players keen to bid for the project since Aug 16 and submissions are due at the end of this December, Wan Zailena told theedgeproperty.com via e-mail on Tuesday, Aug 17.
According to the RFP factsheet, interested parties must have a minimum paid-up capital of RM50 million or equivalent with strong financial standing, a solid track record and vast experience in integrated property developments.
“We believe that the strategic value of this area can be rapidly unlocked by the participation of, and ideas from established and experienced property players locally and in the region,” she said.
The development includes Grade-A offices, specialist medical facilities, commercial blocks, residential enclaves, retail and public spaces, and would also promote environmental sustainability.
PDC has been appointed as project manager by Chief Minister Incorporated (CMI) to coordinate, manage, monitor and oversee the project until its completion, she said.
However, she added that no completion date has been set as the project is still in its infancy.
Wan Zailena said the project, with a total of 97 acres of land, comprises a 62-acre site carved into three parcels as well an extra 35 acres via land reclamation at the southeastern foreshore of Penang island.
It is located close to the airport, industrial, commercial and heritage zones and is also on the waterfront.
“It has all the makings of a landmark – an iconic, prestigious and environmentally sustainable landmark,” she said.
TOP PICKS BY EDGEPROP
[ READY TENANT INVEST] New Township Between Cyberj
[ Europe Style Duplex Condo ] ROI 9% Cash Back
(CORNER) 3 Sty Bungalow Corner Avenue 6, BTHO
Ampang Superlink house fully furnisished for sale
Taman Melawati, Kuala Lumpur
Student Rental RM1800 Cover Instalment! Freehold
Ukay perdana sierra hijauan ampang semi d
[ READY TENANT+ COVER INSTALLMENT ] Hotel Suites
Ukay perdana house for sale 5 rooms 5 bathrooms
Richmond Mont Kiara 4 rooms 3 bathrooms
Mont Kiara, Kuala Lumpur
[ Confirm Rental Get RM 3000 ] Students Condo
Shamelin, Ampang, Pandan Indah, Chan Sow Lin
Cheras, Kuala Lumpur
Residence [email protected] [Foc Mot & Free Furniture]
Bandar Botanic/Bandar Bukit Tinggi, Selangor