Qi City set to be the next catalyst for Ipoh growth

PETALING JAYA (Sept 9): Qi City integrated development by Green Venture Capital (GVC), a subsidiary of Wawasan Qi Properties Group (WQIP), is poised to be the next catalyst for Ipoh and it’s expected to contribute RM1.2 billion to the Perak’s gross domestic product (GDP), according to GVC CEO Chandragesan Suppiah.

“The Qi City development is poised to be a catalyst for job creation, smart living, thus promising superior yields to investors. This is achieved through developing a sustainable economic eco-system to perfectly complement the state government’s initiatives in transforming Bandar Meru Raya into a thriving economic hub,” he said in a press statement today.

Qi City project, which carries a gross development value (GDV) of RM1.2 billion, is a mixed residential and commercial edu-city development and the first of its kind fully integrated education hub in the country.

Components of Qi City include an 840 bedded teaching hospital, the Quest International University Perak (QIUP) campus, three condominium blocks with a total of 768 units, retail outlets, a convention centre to cater for up to 1,500 people and 460 units of hotel suites.

Source: http://www.theedgeproperty.com.my/content/880046/qi-city-set-be-next-catalyst-ipoh-growth