MRCB Land bags RM11 bln project to manage mixed development in Bukit Jalil

KUALA LUMPUR: Bukit Jalil Sentral Property Sdn Bhd (BJSP), a wholly-owned unit of Rukun Juang Sdn Bhd, has appointed MRCB Land Sdn Bhd as the management contractor for a mixed development in Bukit Jalil.

Rukun Juang is an 85 per centowned subsidiary of MRCB Land, in turn a wholly-owned subsidiary of Malaysian Resources Corporation Bhd (MRCB).

In a filing with Bursa Malaysia yesterday, MRCB said, the appointment was in connection with the development and construction of a mixed development on three parcels of leasehold land located in Bukit Jalil measuring about 30.81 hectares, for a provisional total project sum of RM11.01 billion.

“It would be as an integrated development comprising commercial and residential properties, office towers, hotels, retail shops and mall, small office virtual office, small office home office, serviced apartments and residential towers,” it said.

MRCB said the project could generate a gross development value of RM20.67 billion over a period of 20 years based on its cost assumptions and the proposed selling price.

“It is expected to be well-received by the market due to strong fundamentals, including accessibility to highways, rapid population growth, transportation facilities and mobility,” it added. — Bernama