What the stadium purposely left to fall into disrepair, so it would have to be replaced?
Some one up there with power and influence is making a killing!
Thinking aloud, the developer need to build about 15000 units of rm500k units each there to achieve a rm 7bil gross development value. The profit if the land swap is used will be about rm 2bil.
Rm 1bil will be used to build a small stadium and the developer walks away with about rm 1bil profit.
Everyone is happy. Time to go see salim and supply some simen rahmah🤣
Just like our roads, they need perpetual repair. Just think of the vast profit made...
Some parts of the tender requirements were not shown. The most important section is the reputation of tenderer and having adequate capital. Many tenderer failed here
The state government biggest folly is having a fixed and low value requirement listed. They should have requested for proposal for redevelopment of the site and suggestions on how to monetize the assets while maintaining the current gazette of the place
An independent study should be done to determine the structural soundness of the place and incorporate flood mitigation strategies to cover low lying parts of that neighborhood
Selangor government should be transparent
Firstly, I think this posting is related to a political power play. MH is linked/ funded by Azmin Ali
MRCB is a listed company. If MRCB was given LOA for such a project, it has to disclose it as material business to SC and Bursa. There has been no announcement which means that there is no LOA
MH is speculating - no different from Raja Petra.
Where is the accountability
Stink to high heaven as usual!