PETALING JAYA: GD Properties has broken ground on KL360 @ Menara GD, its RM1.37 billion gross development value (GDV) mixed-use project in Kuala Lumpur Central Business District (CBD), adjacent to the Raja Uda MRT station along Jalan Tun Razak.
The project revives a long-abandoned development with a bold new vision for an architectural and tourism landmark in Kuala Lumpur, marking a new chapter for buyers who had waited for nearly a decade for progress. Besides delivering on promises made to buyers and stakeholders, the development of KL360 @ Menara GD is expected to contribute to the local economy through job creation, business opportunities and increased commercial vibrancy in the surrounding area.
On Saturday, a groundbreaking ceremony was held on the project site, officiated by Housing and Local Government Minister Nga Kor Ming who said the revival of the project reflects broader national efforts by the government to address abandoned housing developments and safeguard the interests of homebuyers.
GDProperties group deputy chairman Datuk Wong Seng Tong said: “At GD Properties, we are a firm believer in the role of public-private sector collaboration as a driver of positive social impact. Through this project, we are firmly aligned with KPKT’s aspiration to achieve zero abandoned housing projects by 2030.
He added that the groundbreaking reflects its commitment to ensure this development is delivered successfully and responsibly.
“By taking on the role of a ‘white knight’ to revive and deliver this project, GD Properties will revitalise this project with a renewed vision, strengthened execution framework, and strategic partnerships,” Wong said.
According to the Ministry of Housing and Local Government, more than 1,500 housing projects involving over 176,000 residential units with a combined GDV exceeding RM140 billion have been successfully revived or removed from abandoned status since 2023 through various government-led initiatives.
