A massive urban development project in Malaysia’s capital is set to transform a former air force base into a thriving metropolis over the next five decades. Prime Minister Anwar Ibrahim revealed details about the RM140 billion Bandar Malaysia initiative, emphasizing its long-term economic benefits and commitment to inclusive urban planning.
The strategic land transfer between government-linked companies Bandar Malaysia Sdn Bhd and KLCC (Holdings) Sdn Bhd follows a “willing buyer, willing seller” approach. KLCC Development Sdn Bhd, a subsidiary of the Petronas-owned firm, will oversee the project, incorporating 10,000 affordable housing units and preserving 50 acres of Malay reserve land. The phased development aims to balance commercial viability with careful market considerations.
Originally announced in 2011, the mixed-use transit hub was intended to feature integrated transport links, including the Kuala Lumpur-Singapore high-speed rail. However, setbacks, including a failed partnership with the IWH-CREC consortium in 2021, delayed progress. The recent acquisition of the 486-acre Sungai Besi site marks a fresh start for the ambitious urban renewal plan.
With KLCC’s proven track record in managing landmark developments like Kuala Lumpur City Centre, the government expresses confidence in the project’s economic impact. The half-century timeline reflects a measured approach to sustainable growth, ensuring Bandar Malaysia becomes a cornerstone of Malaysia’s future urban landscape.