12 December 2014

EPF subsidiary Kwasa Land project gets 8 bids

  12 December 2014

PETALING JAYA: Kwasa Land Sdn Bhd has received eight tender submissions from eight companies for its inaugural bumiputra residential project dubbed “Project R3-2” near Sungai Buloh, Selangor.

It said the companies were Ahmad Zaki Sdn Bhd, ARK Resources Bhd, Impiana Land & Development Sdn Bhd, ISY Holdings Sdn Bhd, Johawaki Development Sdn Bhd, Kinta Berkat Sdn Bhd, Prima Nova Sdn Bhd, and Sensatimur Sdn Bhd.

“Under the qualitative evaluation, tenderers are required to submit development concept and layout proposals for the R3-2 parcel based on approved density, development phasing, and unique features of the proposal complete with overall planning layout, 3-D massing and landscape plans.

“Property sales for the whole development within the R3-2 land area should be fully completed within six years,” Kwasa Land said in a statement yesterday.

Under the quantitative evaluation, tenderers are required to submit the tender price on a per sq ft basis along with their financial feasibility analysis for Kwasa Land’s inaugural bumiputra project.

Kwasa Land said the adjudication process for all of the Project R3-2 submissions by an independent panel of consultants from various fields would take one to two months.

“Thereafter, the successful tenderer would be announced.

“Project R3-2 is a residential development that encourages a mix within a neighbourhood with each residential cluster consisting of a variety of housing types and sizes.

“The development design pre requisite for the 8.79 acres should possess a special character and theme that fosters a sense of pride, place and belonging in a sustainable contemporary setting,” it said.

Kwasa Land added that the area benefitted from a well connected network of three current expressways and a new proposed Dash Expressway, two Mass Rapid Transit stations and an adjacent Subang SkyPark air terminal. Moving forward, Kwasa Land is scheduled to invite Tier 2 developers for a residential development by early 2015.

Kwasa Land, a wholly-owned subsidiary of the Employees Provident Fund (EPF), is the master developer of the former Rubber Research Institute Malaysia land in Sg Buloh.

It has the mandate to develop the 2,330 acres over a 20-year period which will comprise residential, commercial, recreational and educational facilities.

The company was established in September 2010 to manage the EPF’s multi-billion property development investments in the country.

~ By THE STAR

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