Kwasa Land partners EXSIM for RM1.6bil GDV project

Kwasa Land managing director Datuk Adenan Md Yusof (left) and EXSIM managing director Lim Aik Hoe (right).

KUALA LUMPUR: Kwasa Land Sdn Bhd is partnering with EXSIM through their wholly owned subsidiary, EXSIM MX4 Sdn Bhd, on a new RM1.6bil mixed development at Kwasa Damansara.

Kwasa Land is a wholly-owned subsidiary of the Employees Provident Fund Board (EPF) and the master developer of Kwasa Damansara.

In a joint statement, the companies said the project would entail the construction of serviced apartments on a land area totalling 15.91 acres.

Situated at a plot known as MX-4(ii), the development will feature five (5) apartment blocks. Each block will feature its own signature design and build features while still complementing the overall development.

“With a gross development value (GDV) of approximately RM1.6bil, the project which is expected to provide homes for over 10,000 people, will be delivered in phases with the first phase expected to be completed in 2027,” it said.

Kwasa Land managing director Datuk Adenan Md Yusof said: “We are pleased to partner with EXSIM on this new mixed development that will truly encapsulate the essence of the township which is Green, Connected and Inclusive. It will be developed with surrounding green spaces, great connectivity to transportation networks and also designed with the family unit in mind in meeting with lifestyle needs of Malaysians today.”

“An important component is the provision of affordable residences that mirrors our philosophy for inclusivity and our commitment to the government’s Malaysia Madani framework that puts people’s wellbeing at the forefront. We look forward to offer various residential offerings with EXSIM, leveraging their vast experience in high quality development equipped with top-notch facilities,” he added.

Meanwhile, EXSIM managing director Lim Aik Hoe said EXSIM was passionate about delivering quality homes that combine the best in form and function, guided by our extensive research and development initiatives and an eye for innovation.

“As a responsible developer, we are continuously raising our ingenuity to ensure that our well-thought-out projects will excel and at the same time, sustain the environment.”

“With our commitment towards the values of ESG (environmental, social and governance), we are excited to be a development partner to Kwasa Land as we embark on a dynamic and future-forward residential development at Kwasa Damansara, a burgeoning location in the Damansara region – one where we see people converge to live, work and play as an attractive address and neighbourhood,” Lim said.