Kwasa Land launches another 2 projects for Bumiputera category

KUALA LUMPUR: Kwasa Land Sdn Bhd has launched another two residential projects for selected pre-qualified Bumiputera developers.

In a statement on Wednesday, the group said the request fo proposal is a single exercise based on the parameters of the approved ‘Kebenaran Merancang’ by the Selangor state authorities for this iconic township.
 
The two residential plots measure 6.52 acres and 3.91 acres respectively, making it a cumulative 10.43 acres. 
  
The proposed reserved price for the land for R3-3 is RM125 psf based on leasehold title while the proposed reserve price for R3-4 is at RM135 psf based on freehold title.
 
The invitations to the pre qualified Bumiputera developers have been issued and submission for the RFP tender documents would close by 10 July 2015, it said.
 
Kwasa Land, a unit of the Employees Provident Fund (EPF), has been commissioned as master developer for the 2,330-acre iconic township development of Kwasa Damansara. 
 
In the last 14 months, the township development has been opened to three categories of developers for participation in various partnerships with Kwasa Land. The three tiers are:
 
To date, Kwasa Land has called for four RFPs, namely, the main town centre development MX-1 for Tier 1 category, the first residential development R2-1 for Tier 2 category, the first Bumiputera development R3-2 and now residential developments R3-3 and R3-4 also for Bumiputera category.
 
Kwasa Land is in the midst of calling the next pre-qualification of development partners for the Kwasa Damansara township as the last exercise was done three years ago.
 
It said that prospective investors would find the Kwasa Damansara development gaining from the socio-economic benefits that include commercial, retail and other residential developments that make the location a thriving hub of activity. 
 
The township enjoys the benefit of two MRT stations, a well-connected network of four expressways, and the close proximity to SkyPark air terminal.