EPF calls for tenders to develop first phase of former RRI land

PETALING JAYA: The Employees Provident Fund (EPF) will be calling for tenders for the development of the first phase of the 943ha in Sungai Buloh, which has a projected gross development value (GDV) of RM50bil over the next 20 years, next month, acording to a statement from EPF’s Kwasa Land Sdn Bhd.

The pension fund’s wholly-owned subsidiary, Kwasa Land, which has been tasked to be the master developer of this land, will get the ball rolling again after a hiatus of more than a year since it called for a pre-qualification bid in September 2012.