KUALA LUMPUR: Master developer Kwasa Land Sdn Bhd has 150 developers wanting to work with them to develop the 943ha proposed Kwasa Damansara township which has a gross development value (GDV) of RM50 billion.
The Employees Provident Fund’s (EPF) wholly-owned subsidiary said they plan to reduce the numbers down to 60 of the best to tender for the Phase 1 development that will be called in February.
“We intend to work with the best and most experienced developers who are required to comply with our urban design guidelines as well as our high standards for creativity and promoting a safe city concept,” said MD Mohd Lotfy Mohd Noh in a statement issued
yesterday.
The masterplan for the land that EPF bought for RM2.28 billion in 2012 has been presented to the Selangor state government for their evaluation and approval, said Kwasa.
http://www.freemalaysiatoday.com/category/business/2014/01/16/kwasa-wants-only-60-developers/
EPF to allot projects in Sungai Buloh by June
By Zaidi Isham IsmailPublished: 2012/03/12
http://www.btimes.com.my/Current_New...#ixzz1otJmPnCF
"The development will be spread out over several phases and each phase will be around 12.15ha-20.25ha portions for the development of projects from commercial, residential, industrial, affordable housing and shophouses," he told Business Times in an interview at EPF's headquarters here recently.
Previously managed by RRIM, the 1,215ha land was slated for development over the next 10-15 years, as announced in the 2010 Budget , but until now the project has not taken off.
On May 12, 2010, the government had approved the proposal for the development of the Sungai Buloh land by Kwasa Land Sdn Bhd, a wholly-owned subsidiary of the EPF.
The EPF will have a master plan where it will allocate a few parcels and allow property developers to bid for those parcels, of which some parcels will be operated on a joint-venture basis while others may be sold outright via bids.
NOTICE TO READERS OF Kawan2Realestate Blogspot :
ALWAYS CONSULT YOUR INVESTMENT PROFESSIONALS BEFORE MAKING ANY INVESTMENT DECISIONS
DISCLAIMER
Kawan2RealEstate.blogspot.com Terms And Conditions Of Use
All
content provided on this Kawan2RealEstate.blogspot.com blog is for
informational purposes only. The owner of this blog makes no
representations as to the accuracy or completeness of any information on
this site or found by following any link on this site.
The owner of Kawan2RealEstate.blogspot.com will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information.This terms and conditions is subject to change at anytime with or without notice.
The owner of Kawan2RealEstate.blogspot.com will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information.This terms and conditions is subject to change at anytime with or without notice.
No comments:
Post a Comment