MRCB on expansion drive with new township project

AFTER all the excitement over the last several years, the Kwasa Damansara project in Sungai Buloh is moving along. Last week, further inroads were made, which is a boon in view of today’s weak property market.

The first was an EGM by Malaysian Resources Corporation Bhd (MRCB). The second was the conclusion of a bumiputra tender for residential project R3-2. A third tender is scheduled to be called late next month for another residential parcel R2-1 among Tier 2 developers with shareholders’ funds or paid up capital of RM300mil and above. An announcement on another parcel is underway.