Kwasa Damansara residential development shortlist 21 developers
KUALA LUMPUR — Kwasa Land Sdn Bhd, a wholly owned subsidiary of the Employees Provident Fund (EPF) and the master developer of the 2,330-acre Kwasa Damansara has announced the 21 tier-two developers that have successfully prequalified for its next Request for Proposal (RFP).
The developers shortlisted are Amcorp Properties Bhd, ENcorp Bhd, Glomac Bhd, Ivory Properties Group Bhd, Johor Land Bhd, KSK Group Bhd, KSL Holdings Bhd, Malton Bhd, MKH Bhd, Nadayu Properties Bhd, Naim Land Sdn Bhd, Naza TTDI Sdn Bhd, OSK Property Holding Bhd, Paramount Corporation Bhd, Perdana Parkcity Sdn Bhd, Plenitude Bhd, Reliance Pacific Bhd, TH Properties Sdn Bhd, Titijaya Group Sdn Bhd (Tenang Sempurna Sdn Bhd), United Malayan Land Bhd, and Worldwide Holdings Bhd.
Invitations have been sent out to the 21 potential a development partners to develop the land measuring 12.7 acres known only as R2-1. The location has the advantage of being adjacent to Project MX-1, the town centre which is going to be traversed by two MRT stations. The closing date for all RFP submission is expected by Mar 31, 2015.
For the next 20 years, Kwasa Damansara will have three categories of developers entering into partnerships with the master developer.
The three categories are Tier 1, large scale companies with shareholders or paid-up capital of RM1 billion and above; Tier 2, companies with shareholders’ funds or paid-up capital of RM300 million and above; and Tier 3, Bumiputera companies with shareholders’ fund or paid-up capital of RM1 million and above.
Kwasa Land has called for three RFP to date, MX-1, the main town centre development, R3-2, the first Bumiputera development and the current R2-1.
The tender exercise and evaluation for the Bumiputera development have been completed and the selected partners are expected to be announced in February 2015.