PETALING JAYA: Work has started on Qi City, a RM1.2 billion mixed residential and commercial educity development project undertaken by Wawasan QI Properties’ subsidiary, Green Venture Capital (GVC) in Bandar Meru Raya, Ipoh. Wawasan QI Properties was incorporated in 2006 and has since been managing the QI Group’s property investment activities in Malaysia and abroad, with a portfolio including five hotels and resorts in Thailand, Sri Lanka and Turkey and 167 acres of beach-front land for development in Kuala Rompin, Pahang. GVC has appointed China Energy Hua Ren Industrial Investment Co Ltd, a China-based entity, as the turnkey contractor of this first-of-its-kind project. The development which is slated for completion in 2020 will comprise a 840-bed teaching hospital, three blocks of 768 condominium units and 18 penthouses, a lifestyle mall, a convention centre to cater for up to 1,500 people and 460 units of hotel suites, and the Quest International University Perak campus. In addition, an animation theme park and a water park will be developed within the city. “Qi City is an exclusive development with its lifestyle mall serving 8,000 to 10,000 people daily, comprising staff members of the hospital, university students, as well as hospital patients and visitors. This will undoubtedly create a demand for the condo units there,” said Wawasan QI Properties executive director CEO Chandragesan Suppiah. “With the successful completion of this development by 2020, Qi City promises investors superior returns. It will generate favourable investment gains by unlocking the embedded value within its various components,” he added. Chandrasegaran said the main sales launch is expected in June, but it may have a soft launch in April. Qi City is close to the central business district of Bandar Meru Raya, key government offices and is surrounded by an international school, a hypermarket and a business hotel.