Regardless of how far a country has advanced, there is no stopping its development! This, of course, is the same for Malaysia. It isn’t surprising to see plenty of buildings still in development, especially around Kuala Lumpur.
One such building is the mall and tower residence, 8 Conlay. The project has been undergoing development since 2015 and was slated to be finished by 2020. However, there has been some setbacks. In fact, recent news claims that the project might have been suspended!
Source: The Edge MarketsBusiness and marketing news site, The Edge Markets, apparently revealed that the main contractor for 8 Conlay has announced they will be suspending the construction work on the project. The contractor, Grand Dynamic Builders Sdn Bhd (GDBSB) apparently sent a letter to their subcontractors informing them of such. The letter was supposedly dated 16th August and was signed by the GDBSB managing director.
The news was reportedly confirmed by a spokesman. However, no further details were given. Additionally, this wasn’t the only known setback 8 Conlay has experienced. Last July, The Edge Markets also reported that 8 Conlay’s developer KSK Land was facing financial difficulties. However, the group later refuted the rumour and clarified that they have not “missed or defaulted on loan repayments”.
The news has since been taken down by The Edge Markets. On the GDBSB website, 8 Conlay is still registered as one of their projects and is expected to be completed by 2023. There has been no further news regarding the project since.
For those not in the know, 8 Conlay is a RM5.4 billion high-end mixed-use development. Ionically known for its world’s tallest “twisted” twin-tower condominium design, the building is nestled in the heart of Kuala Lumpur.
Sources: China Press, The Edge Markets
