M101 appoints CRCC as main contractor for M101 Skywheel

KUALA LUMPUR: Property developer M101 Holdings Sdn Bhd today announced the appointment of China Railway Construction Corporation Malaysia Bhd (CRCC) as the main contractor for the development of M101 Skywheel, which has an estimated gross development value of RM2.2 billion.
M101 Skywheel, which will feature a 60m Ferris wheel on the 53rd floor, is to be completed by 2021.
CRCC Malaysia Bhd, one of the subsidiaries of China Railway Construction Corp, has a wealth of experience in the design, construction and management of high-rise buildings more than 300m tall.
M101 CEO Datuk Seth Yap said it is pleased to appoint CRCC as the main contractor for its flagship project, M101 Skywheel, a project designed by Studio F. A. Porsche.
“With CRCC on board, M101 Skywheel is well on its way to becoming Malaysia’s next iconic landmark,” Yap said.
He said M101 is championing property tourism as its core business strategy. Instead of building just another integrated development, it is building a branded development that fits the market’s needs, and further elevate Malaysia’s tourism industry.
M101 has launched the project in Hong Kong, Taiwan, Indonesia, Singapore, China, Japan, Korea, Philippines, Brunei, Sri Lanka and Bangladesh.