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Wednesday, September 5, 2012

EPF unit Kwasa Land invites partners to develop RRI land

KUALA LUMPUR: The Employees Provident Fund unit Kwasa Land Sdn Bhd will invite partners to develop the Rubber Research Institute (RRI) land in Sungai Buloh into a township.

Kwasa Land said on Wednesday, as the master developer, it would undertake the first step by conducting a pre-qualification exercise to get the right partners to undertake the Kwasa Damansara township.

The township project will cover 2,330 acres (943 ha) of prime land and Kwasa Land's emphasis is to ensure it obtains the "right developers with the required track record and expertise to undertake its massive parcels of mixed development projects".

Of the total land area of 3,155 acres, it said 2,330 acres was acquired by Kwasa Land for the proposed Kwasa Damansara development. Separately, the government has acquired 290 acres for the MRT while the Rubber Research Institute has retained 535 acres.

The township is a mix of residential, commercial, recreational, institutional and educational facilities which when ready, will serve a target population of 150,000.

The designated township is surrounded by a huge and matured Damansara suburb; served by no less than five traversing highways, and the setting up of two MRT stations that will make public transportation a breeze for those seeking accessibility and connectivity.

Of the total land area of 3,155 acres, 2,330 acres is acquired by Kwasa Land for the proposed Kwasa Damansara development. Separately, the government has acquired 290 acres for the MRT while the Rubber Research Institute has retained 535 acres.

Developers are invited to visit the Kwasa Land corporate website at www.kwasaland.com.my to download the form for the Pre-Qualification exercise. The closing date for all submissions is noon, Sept 26, 2012.

By The Star

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