1) When completed, sell it to some super rich Malaysian man. A towering Malay! Perhaps, Najibs' brother? Afterall, he's a billionaire, wat. Say, the price to be RM861 million, a profit of RM50 million. I don't think the profit is too outrageous, right? I'm sure that the land cost is zero. Thus, the buyer will make more money when resold? Therefore, that profit is the bare minimum.
2) Return the RM811 million to the government and have His Majesty decree that it be passed on to the hardcore poor or use that money to provide water and electricity to the deprived. After all, the money is from His Majesty's subjects. BTW, I had toured most of Malaysia many times over and can provide the location and the people that are in dire need of this basic survival infrastructure. And, the majority are bumiputeras, too.
3) Use the RM50 million profit and build a palace, smack in the middle of the hardcore poor area. Again, I know of many such places. I'm very sure that with RM50 million profit, the palace can be very grandeur, perhaps close to the original design, if I appoint the contractor. If, there are any cost overruns, I'll personally take over this new palace project and get the funds to build it. I had "sold" myself in E-bay to get funds for the old folks' home in Ipoh before. So, I don't see any financial issue here. There are many billionaires in M'sia and I'm sure I can convince them to part with some to build a palace for our beloved King.
Here's the WIN-WIN part that I loved the most...
Our beloved King is now smack next to his subjects that are in dire straits. And, His Majesty will witness and feel their sufferings every time when he get to his palace. WHAT A PRECEDENT!!! I'm very sure that His Majesty, with his generosity in his decree, be the most loved King in the world. Now, finally, the King of Thailand is NOT the most loved in the world, liao. Record broken and National Geographic/History Channel will have to rewrite their documentary. Hehehehe...
LONG LIVE OUR KING!!! *bows 3 times...*
=== article as below===
During the Question session this morning, Deputy Works Minister Yong Khoon Seng said the palace was estimated to cost RM400 million in 2006 but now costs RM811 million.
Contracts for the construction were awarded to three companies through direct negotiations instead of open tenders, said Yong.Yong said that the contracts were awarded in such fashion because the national palace was “unique” and required additional security considerations.
His statement prompted a retort from Nga Kor Ming (DAP-Taiping), who had posed the question earlier, that direct negotiations run contrary to Prime Minister Najib Abdul Razak's pledges under the New Economic Model.
Nga argued that Treasury instructions stipulate that all public procurements of more than RM200,000 must be through open tender, but this was not observed for the new palace.
Make sure it won't collapse
Earlier, Yong explained that the project was divided into three zones - royal, administrative and supporting buildings - hence the three contracts. 
The construction of the main complex was awarded to Maya Maju Sdn Bhd at a sum of RM650 million, while a contract for a flyover from Jalan Duta to the palace would cost RM130 million was awarded to Ahmad Zaki Bhd.
The contract for the upgrading of an access road from Jalan Changkat Semantan to Jalan Istana costing RM32.5 million was awarded to Kejuruteraan Kenari Sdn Bhd.
The deputy minister said that the project is now 60 percent complete and is on schedule for completion by May 30 next year.
After Yong's explanation, Nga asked four supplementary questions. Among others, he sought a guarantee that the new palace will not collapse as was in the case of the RM270 million Gong Badak Stadium, Kuala Terengganu.
"How is that the estimated cost has increased by more than 100 percent within five years?" demanded Nga.
The deputy minister explained that the project was "special" because this is the first time the government is building a dedicated palace and that additional safety measures are required.
The new palace complex is expected to be completed by next February.
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