The Gurney Wharf seafront park-in-the-city project is expected to be complete in 2021, and includes a food court, restaurants, promenade, wetlands, beaches, children’s playground, skate park and water taxi pier.
He said the money would be better spent on education or public transport.
"Last year we were able to secure RM3.1billion in sales. For the past four years we have recorded a CAGR (combined annual growth rate) of 27%.”
The company targets to have at least 5,000 users for the GL Mobile app by end-2019
He said there was no need for Khazanah to have two offices in Kuala Lumpur.
The joint venture development between UEM Sunrise and Melati Ehsan Group consists of residential units, a retail mall, office spaces, hotels, healthcare centre and education hubs. The township will be developed over 15 phases and is targeted to be fully completed in 2039.
“It’s better to allow the market to adjust itself, which means the only rational thing is for developers to lower their prices to make (unsold units) affordable for Malaysians."
Sold for: RM6.5 million; Concluded by: Joanne Soh (REN 13124) of CBD Properties (012-297 6506); When: June 2019
The office was reportedly bought for 42 million pounds (RM227 million) in 2014, and a nearby penthouse and apartment were also acquired by Jho Low in 2010.
“It has confirmed about 500,000 sq ft of floor space at present”.
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