News

Bandar Malaysia is good to go

Published on 16 Sep 2020 4:25:08 PM

It’s all systems go for Bandar Malaysia with the settlement of a deposit for the mega-project by master developer IWH-CREC Sdn Bhd.

They settled RM1.24bil to project owner TRX City Sdn Bhd on Tuesday and the payment of the remaining 8% of the deposit, or RM592.8mil, and a RM500mil advance to TRX City Sdn Bhd for a 60% stake in the project has unlocked the next stage, which is the commencement of the project development.

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