PETALING JAYA: Kwasa Land Sdn Bhd, a unit of the Employees Provident Fund and master developer of Kwasa Damansara in Sungei Buloh, has approved five tier-2 developers for its next Request for Proposal (RFP), R2-1, reported Bernama.
The companies are Johor Land Bhd, MKH Bhd, Naza TTDI Sdn Bhd, Paramount Corp Bhd and TH Properties Sdn Bhd.
Kwasa Land categorises tier-2 developers as companies with shareholders’ funds or a paid-up capital of RM300 million.
Kwasa Land said the companies’ suitability for the RFP was assessed by an independent team of evaluators comprising marketing consultants, architects and other professionals.
In a statement, it said tenderers were required to submit “development concept and layout proposals for the R2-1 parcel based on approved density, development phasing and unique features of the proposal complete with the overall planning layout, 3-D massing and landscape plans”. The whole of the proposed development within the R2-1 land must be completed within six years.
Tenderers were also required to submit the tender price on a per square foot basis, along with their financial feasibility analysis.
The master developer has so far called for three RFPs: the main town centre development MX-1, the first bumiputera development R3-2, and now R2-1, which is open to tier-2 developers.
Kwasa Land plans to call for two more RFPs for residential development.
TOP PICKS BY EDGEPROP
Paisley Serviced Residences, Tropicana Metropark
Subang Jaya, Selangor
Taman Mawar, Bandar Baru Salak Tinggi
OFF JALAN SUNGAI CHOH / BUKIT BERUNTUNG
Elegan Townhouse, Taman Putra Perdana