TSR Capital bags 6.52-acre Kwasa Damansara project

PETALING JAYA (Dec 21): TSR Capital Bhd today received a letter of award (LoA) from Kwasa Land Sdn Bhd to develop a 6.52-acre parcel in the Kwasa Damansara township in Sungai Buloh.

In a statement issued by TSR Capital today, the proposed development will comprise 260 residential units divided into five types, namely link villas, cluster villas, exclusive villas, town villas and condominium.

The development is expected to have an estimated GDV of RM295 million.

The LoA is subject to the execution of a development rights agreement with Kwasa Land, said TSR Capital.

“Barring any unforeseen circumstances, the board of directors of TSR is of the opinion that the award will contribute positively to the group’s future earnings and net assets,” TSR stated.

Kwasa Land is the master developer of the 2,330-acre Kwasa Damansara township.