Two more land parcels for bumi developers

Property developer Kwasa Land Sdn Bhd has carved out 10.43 acres in the Rubber Research Institure (RRI) land in Sungai Buloh to be developed by selected pre-qualified bumiputra developers.

Kwasa Land, a wholly-owned subsidiary of the Employees Provident Fund (EPF) and the master developer of the 2,330-acre Kwasa Damansara, said in a statement that the request for proposal (RFP) was for two parcels of land measuring 6.52 acres and 3.91 acres to be developed into residences.

Kwasa Land said the proposed reserved price for one parcel was RM125 per sq ft (psf) based on its leasehold title, while the proposed reserve price for the other parcel was RM135 psf for its freehold title.

Invitations to pre-qualified bumiputra developers are issued and submission for the RFP tender documents will close by July 10.

“We are 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.

The township will have two mass rapid transit stations, a well-connected network of four expressways and close proximity to SkyPark air terminal in Subang. - The Star