If you aim for own stay may be okay...
But if you want to invest or rent it out like Air bnb... there are few thousand of units compete with you....

and also consider time for life waiting, using facility might be an issue.

Anyway, the location is good.

I said before and now say again, go visit parklane OUG before u buy this project (by same developer).

Actually bandar malaysia is not cancelled, just that the currently companies that to develop the land did not meet the payment obligation hence it did not go through. Probably covid hits their cash flow. Dont forget they're still 2 MRT station have built on the land. Would you think it's a waste of 2 stations for nothing? It will be something else in the future.

Parklane OUG is not that bad that u tot, amid of density, the business activities are vibrant. Some investors do make profit while holding long-term. RC will just need more time like parklane to be profitable.

I thought is already officially mentioned in the news, is cancelled.

KUALA LUMPUR (July 14): The Ministry of Finance (MOF) and IWH CREC Sdn Bhd have mutually agreed to terminate the deal for the latter to buy a 60% stake in Bandar Malaysia project that is located in the former air force base near Sungai Besi, southern Kuala Lumpur, for RM7.4 billion.

The termination came after both parties agreed not to extend the conditions precedent period of the agreement, according to the joint statement issued by the Ministry of Finance’s wholly-owned TRX City Sdn Bhd and IWC CREC.

It is understood that IWH CREC will get the refund of RM1.54 billion from the MOF following the termination — the total sum that the joint venture has paid on the staggered basis.

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The agreement lapsed on May 6 this year, as the respective parties failed to meet the conditions precedent within the stipulated period.

Both parties have not been able to mutually agree to the terms of the extension of the condition precedent period, said a joint statement.

IWH-CREC is a 50:50 joint venture between Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corporation (M) Sdn Bhd, a unit of China Railway Group Ltd.

Meanwhile, IWH is owned by Credence Resources Sdn Bhd (63.13% stake), an investment vehicle controlled by Tan Sri Lim Kang Hoo, and Johor State’s Kumpulan Prasarana Rakyat Johor Sdn Bhd (36.87%).

“TRX City remains committed to realize the Bandar Malaysia vision, and any future business and commercialization plans will take into account market conditions and the national socio-economic agenda, to ensure that it continues to play its role as a significant economic enabler that will add substantive benefits for the country," said the statement.

The termination came 28 months after the joint venture had worked hard to lobby to buy the 60% stake.

Coincidentally, the deal was aborted after the Government decided to cancel the Kuala Lumpur-Singapore High Speed Rail project by compensating Singapore.

Investment analysts said this could be a stroke of luck for IWH to exit the deal given the Covid-19 pandemic, the gestation period for the mega development is even longer.

A source familiar with the deal commented that the Covid-19 pandemic has changed the real estate market tremendously. It is a totally different scenario now compared with when the deal was struck, in terms of office space demand.

Among the conditions precedent that were not fulfilled including the initial plot ratio of one to eight and tax breaks.

Meanwhile, there is also market talk that Lim had difficulty obtaining financing for the share purchase. “The difficulty to get financing is again due to the unfulfilled conditions precedent as banks will take all these into consideration,” said the source.

A deal that went through three Malaysian governments
There had been obstacles along the journey for IWH CREC to acquire a stake in the Bandar Malaysia development project since day one. The change of government played a big part in it. In a nutshell, the joint venture has dealt with three governments in the course of sealing the acquisition since 2015.

To recap, Bandar Malaysia project was one of the controversial 1Malaysia Development Bhd’s (1MDB) real estate investments, besides Tun Razak Exchange (TRX), when Datuk Sri Najib Razak was the Prime Minister and Finance Minister then.

Najib, 67, is currently facing four charges of using his position to obtain bribes totalling RM2.3 billion from 1MDB funds and 21 charges of money laundering involving the same amount.

On Dec 31, 2015, IWH CREC struck its first deal to buy the 60% stake in the Bandar Malaysia project for RM7.41 billion. Back then, the joint venture concluded the agreement with 1MDB’s former president and group executive director Arul Kanda Kandasamy.

High Speed Rail (HSR) was said to be part of the development to make Bandar Malaysia a regional hub for multi-national companies.

In an abrupt turn of events, the joint venture was informed that the share sale agreement (SSA) had lapsed due to failure to meet conditions precedent in May 2017 — 16 months after the agreement was signed.

The notice caught IWH CREC completely off guard.

In another unexpected turn of events, a year later, the change of government after the 14th General Election opened the window of opportunity for IWH CREC to renegotiate with Pakatan Harapan government to revive the stake sale.

During former Prime Minister Tun Dr Mahathir Mohammad’s second visit to China in April 2019, Malaysia signed a framework agreement to revive the deal to sell a 60% stake to IWH-CREC.

IWH CRECT then signed the restated and amended share sale agreement for the equity sale in December 2019 — roughly three months before the country had a change of government again in less than two years.

Today, the joint venture has ended the agreement with Perikatan Nasional-government.

“China Railway Group will continue to work closely with TRX City in respect to any future co-operation in Malaysia. IWH will continue to support the Government of Malaysia in nation-building,” the statement said.

Just company withdraw, it will have another developer coming in at this piece of prime land.

Might revive again since UMNO is back to the throne

As many said before, when its VP till few years ago, its a no-no project. However, many owners/investors managed to gain from these project in the recent years. U can see at the project's thread, or even other platform, its no longer a losing project.


Confirm Bandar Malaysia will revive, but dunno when only. So it u got the power to hold RC, u have the chance

In other words, if you are vested, hold on tight. If you have not invested yet, don't touch it until Bandar Malaysia is confirmed/ RC is completed. There is no need to FOMO this project: too many negatives and much better investments are already available at this moment.

The main concern is the quality and maintenance of the condo. If u think u can pay that price to stay in parkland like condo (build quality) then go ahead.

But honestly, for a 400k -450k new house that near KL city is rare now. Not talking about wilayah residensi.

Ha, Ha. Are u sure ?




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Yup, do you have any better option?

no studio or 650sf pls ...

958sf,3 beds 2 baths ,freehold, 430k++ only. 10-15 mins to KL City Centre

Property name?

Vista sentul by platinum victory ✌

hmm~ personally don't like this area and still long way to be built.

I think RC has better connectivity. Close to VP.

RC has furnished package includes in price too.

Latest progress of RC as of today (12/09/2021). Please share the video to the owner group. Thanks.

May I know RC or One Equine better? The Beverly Group is trusted developer? The project quality good?

Don't think its an apple to apple comparison... Totally different location


Its totally 2 different things that should not be compare side by side... UR main factor should be decide LOCATION first... Or actually u r trying ur luck to get review on One Equine?

RC is so freaking dense. ownstay also not a nice place. so many people need to go in and out of this place everyday. is like a competition for everything.

if want to rent, so many units here. just advertisement alone, you need to compete with dont know how many thousand units.

if want ownstay i think rent first and buy later if you like.
i dont think developer able to sell all units even if completed.