Malaysia is the house of the 2nd tallest building in the world — Merdeka 118. Nonetheless, it also set to house the world’s tallest twin-tower condominium, until the project was put on hold.
The world’s tallest spiralled twin residential towers, 8 Conlay has been under development since 2015 and was slated to be finished by 2020. However, there have been some setbacks and in fact, recent news claimed that the project might have been suspended.
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.
In an earlier report by The Edge Markets, the main contractor for 8 Conlay announced they will be suspending the construction work on the project.
It was reported that the contractor, Grand Dynamic Builders Sdn Bhd (GDBSB) sent a letter to their subcontractors, informing them about the suspension. The letter was supposedly dated 16 August and was signed by the GDBSB managing director.
However, no details were given, according to the spokesman. Nonetheless, this wasn’t the only known setback the project has experienced.
In July, The Edge Markets reported that 8 Conlay’s developer KSK Land was facing financial difficulties. However, the group later denied the rumours and clarified that they have not “missed or defaulted on loan repayments”.
Meanwhile, the news has 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 was no further updates regarding the project since.
The suspension of the project will definitely cause massive damage to Malaysians, especially to those who have taken out loans for the property.
We hope the authorities will step in and intervene in the matter.