LHAG is pleased to have advised on the stamp duty exemptions and land transfer aspects of KL360 @ Menara GD, formerly known as the M101 Skywheel project.

As reported by The Edge Malaysia, KL360 @ Menara GD is a mixed-use development with a gross development value of RM1.37 billion located at Jalan Tun Razak, Kuala Lumpur. The project revives the long-abandoned M101 Skywheel development and has since been redesigned into a 61-storey mixed-use development comprising serviced apartments, office suites and retail units.

The revival of abandoned housing projects carries significance beyond the transaction itself. In a statement issued in connection with the groundbreaking ceremony, Housing and Local Government Minister Nga Kor Ming described such efforts as part of broader national efforts to address abandoned housing developments and safeguard homebuyers, noting that “every revived project represents real families, real aspirations and a renewed future for homeowners”.

In relation to the project, LHAG advised on stamp duty exemptions for instruments executed for the revival of the abandoned project, as well as the land transfer and registration aspects required to facilitate the project’s continuation.

The LHAG team was led by Partner Chris Toh Pei Roo together with Senior Associate Jay Fong Jia Sheng.

This matter reflects LHAG’s experience in advising on tax and stamp duty aspects of complex property transactions, including abandoned project revival exercises, where exemption applications and transaction structuring can be critical to facilitating project rehabilitation.

For queries on tax and stamp duty matters relating to property development, project rehabilitation or abandoned project revival exercises, please reach out to Chris Toh Pei Roo (tpr@lh-ag.com) or Jay Fong Jia Sheng (fjs@lh-ag.com).

24 June 2026