Kwasa Land in tie-up for affordable housing project

PETALING JAYA: Kwasa Land Sdn Bhd, a wholly-owned subsidiary of the Employees Provident Fund (EPF), is collaborating with Gagasan Nadi Cergas Bhd to develop its first phase of affordable housing under Rumah Selangorku type Idaman at the Kwasa Damansara township.

Under the collaboration, two freehold residential plots, with a combined land area of approximately 39.12 acres have been designated to make way for 3,990 units of houses with Phase 1 targeted for completion by end of 2024.Kwasa Land managing director Adenan Md Yusof said: “Despite the challenging economic and market outlook, the demand for affordable homes, especially in urban areas, remains strong. Our objective is to develop a township that is green, connected and inclusive. The pandemic has affected every layer of society and we see a pressing need to help in relieving the burden of the rakyat, especially the lower income groups. Our contribution will come in the form of providing affordable homes in Kwasa Damansara,” he added.